Morocco Aims to Boost Investment from 5.8 Million Expatriates
In Morocco, the share of private investment from Moroccans living abroad remains low. Only 10% of MRE transfers are devoted to it. An incentive system is being put in place to better mobilize the investments of this community.
Questioned in parliament, the day after King Mohammed VI’s speech on private investment, the Delegate Minister in charge of Investment, Mohcine Jazouli, took stock of the contribution of MREs to the investment component in Morocco.
According to the figures, more than 5.8 million MREs are settled outside Morocco, or 16% of the total population. Out of the 93 billion dirhams transferred in 2021, only 10% are to be recorded under the investment item and only 2% is for productive investments. A rather unattractive picture that the minister has promised to correct.
To achieve this, the minister announced the strengthening of the MDM Invest Fund at the level of the Moroccan Investment Promotion Agency (AMDI), in order to encourage investments. In addition, four mechanisms have been put in place to promote private investment in all regions, thanks to the new Investment Charter currently being developed.
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