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The Confederation of Moroccan Enterprises: Economic Resilience Confirms Itself and Calls for Accelerating Export Growth and Enhancing Industrial Competitiveness
Shakir El Alj, President of the Confederation of Moroccan Enterprises, praised the strength of the national economy and its ability to withstand challenges during a time marked by exceptional dynamics. He affirmed that the Kingdom is experiencing a promising economic phase characterized by stability and confidence in the future.
On the sidelines of a meeting dedicated to reviewing the updates of the 2026 foreign exchange circular, El Alj called for a faster pace of export growth and the enhancement of the quality of the national industry. He emphasized that developing a more competitive, innovative, and high-value-added industrial base serves as a strategic lever to bolster Morocco’s international standing.
He pointed out that the new directives for foreign exchange operations fall within this dynamic, reflecting a clear intention to support national industry and strengthen the competitiveness of companies while maintaining major economic balances. He stressed the importance of a foreign exchange system that fosters confidence and incentivizes initiative and investment.
For his part, Idriss Ben Sheikh, Director of the Foreign Exchange Office, highlighted that the meeting aligns with reinforcing the partnership with the Confederation of Moroccan Enterprises. He explained that discussions will include various stakeholders such as banks, insurance companies, and professionals to present the updates introduced by the 2026 circular, particularly regarding flexibility, simplification, and implementation mechanisms.
The official also confirmed that the comfortable position of foreign reserves, along with the results recorded in imports, exports, and remittances from Moroccans living abroad, allows for the acceleration of developmental projects, especially in the field of digitalization.
He clarified that the new circular includes supportive measures for investment, such as allowing startup companies recognized by the Digital Development Agency to invest abroad up to 10 million dirhams annually, exempting them from the three-year operating condition and the requirement to validate accounts.
The facilitation measures also included commitments to guarantee assets and liabilities for non-resident investors in the context of share transfers, as well as enabling foreign residents with investments in Morocco for at least ten years to transfer their investment returns up to two million dirhams annually, thereby enhancing confidence in the regulatory framework.
Regarding export support, the circular permitted a contractor abroad to fund their account in foreign currency or convertible dirhams up to 15% of the total value of the contract. It also broadened the definition of service imports, simplified payment procedures, removed the exclusive list of delegated operations for banks, and extended the list of eligible parties for service imports to include microfinance associations and some related expenses.
