Morocco’s $1.5 Billion Investment Fund Unveils Strategic Priorities for Economic Growth
To succeed in its mission, the CEO of the Mohammed VI Fund for Investment, Mohamed Benchaâboun, has defined his priorities and mode of operation, which were unveiled during his first Board of Directors meeting.
With a share capital of 15 billion dirhams, the Mohammed VI Fund for Investment aims to be a mechanism for reviving investment, creating economic growth in the country, and contributing to the economic recovery in a context of global crisis.
The objective is to establish itself as a reference Sovereign Fund, an accelerator of economic, social and environmental development, through the promotion of productive investment.
During this meeting, the former Moroccan ambassador to France presented the organizational model of the fund and its main governance rules. It was also an opportunity to define the fund’s operating model, the fundamentals of its action as well as the priority areas of intervention.
It emerges from the various reflections that this investment fund will focus its actions on priority sectors such as: industrial restructuring, innovation, small and medium-sized enterprises, infrastructure and public-private partnerships, agriculture and tourism.
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