Morocco Approves $7 Billion Investment Plan, Set to Create 20,000 Jobs

The press release highlights the importance of these projects, designed to boost the job market in the country. According to government projections, these initiatives should create around 5,728 direct jobs and more than 14,700 indirect jobs.

Industry takes the lion’s share in this new wave of investments, accounting for almost 70% of the total funds, or about 53.6 billion dirhams (4.88 billion euros). This sector is expected to be the largest generator of jobs, with the expected creation of 4,213 direct positions, representing more than 73% of the total expected for the approved projects.

Furthermore, Morocco continues to strengthen its efforts to meet environmental challenges and water needs. Thus, seawater desalination projects and those related to renewable energies have respectively obtained 14% and 4% of the total budget.

Tourism and health are not forgotten by the government. These two sectors should each generate 8% of the new jobs expected.