Moroccan government approves 47 new investments worth $5.5 bln

Morocco’s National Investment Commission has approved 47 new investment projects totaling 51 billion dirhams ($5.5 billion), in a major push to stimulate economic growth and job creation across the kingdom.

The approvals, announced during the 8th session of the Commission, include 36 new agreements and 11 amendments to existing ones. The projects are expected to generate nearly 17,000 jobs, including 9,000 direct and 8,000 indirect positions, according to official figures.

The investments span 10 regions and 23 provinces. The government emphasized its commitment to balanced regional development, with a focus on high-impact sectors.

The investments in the automotive industry would account for 54% of projected job creation, following by Outsourcing with 9% and tourism with 8%. The rest of jobs will be created by pharmaceuticals, agri-food, metallurgy, energy, and logistics.

Five of the approved projects were granted strategic status, covering industries such as automotive, metallurgy, textiles, and chemicals. These will be implemented in key economic hubs including Casablanca-Settat, Oriental, Souss-Massa, Fès-Meknès, and Rabat-Salé-Kénitra.

The Commission reaffirmed its goal of making Morocco a competitive and investor-friendly destination, while ensuring that investment benefits are equitably distributed across the country.