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New Investment Charter Enhances Appeal of Regions Outside the Classical Axis
Public investment in Morocco has shown an upward trend in recent years, bolstered by the introduction of the new Investment Charter, which aims to stimulate projects outside the classical axis and place spatial justice at the heart of public policies.
Khalid Zidan, the Minister Delegate to the Head of Government in charge of Investment, Planning, and Evaluation of Public Policies, confirmed during a session of oral questions in the House of Representatives that public investment has increased by approximately 65% over the past five years. This is part of efforts to enable it to accompany private investment and support the economic dynamics.
Zidan emphasized that spatial justice is a royal directive and a government priority, highlighting that work continues to achieve tangible results in the distribution of investments among the various regions of the kingdom. In this context, he explained that the National Investment Committee has approved around 250 investment projects distributed across 49 provinces, including 59 projects that benefited from territorial grants.
The government official noted that the new Investment Charter, adopted during the current government term, has provided various mechanisms to encourage investment and improve the business climate, recording the emergence of investment attractiveness in several regions outside the Tangier–Casablanca axis, such as Taroudant, Al Rhamna, Driouch, Errachidia, Jerada, Zawiya, Midelt, and Jerada, with the approval of 133 investment projects valued under 250 million dirhams.
Regarding support for very small, small, and medium-sized enterprises, Zidan indicated that efforts to raise awareness about the support system for them have reached 74 provinces, with additional communication meetings planned, including an upcoming meeting in the Errachidia province.
Despite these indicators, the minister faces parliamentary criticism regarding the limited benefit of some regions from investments, particularly border provinces, where deputies called for greater attention to regions such as Errachidia and Jerada to bridge spatial disparities compared to major urban centers.
In response to these observations, Zidan announced the government’s openness to amending the law regulating regional investment centers to allow for a more substantial presence of provincial officials and their councils, affirming the government’s receptiveness to all proposals aimed at improving the efficiency of investment policies, in line with the principle of monitoring and evaluation.
The minister also addressed updates on the National Investment Observatory, noting its progress to final stages following the signing of partnership agreements with the High Commission for Planning, the National Agency for Land Conservation, and other institutions, assuring that this observatory will provide accurate data on the state of investment and its spatial distribution across various regions of the kingdom.
