Morocco Approves $1.1 Billion in Investment Projects, Boosting Tourism and Infrastructure

In the breakdown of investments by sector, the Tourism and Leisure sector comes first with 3.29 billion dirhams, or more than 29% of the targeted investments. Following this, the Transport and Infrastructure sector with 2.47 billion dirhams, or 22% of the investments, the ministry of Industry informs, noting that the Education and Higher Education sector and the Renewable Energy and Seawater Desalination sector occupy the third and fourth places with 2.27 billion dirhams and 2 billion dirhams respectively. The industrial sector is fifth with 1.25 billion dirhams.

In the sectoral ranking of jobs, the Tourism and Leisure sector is the largest job provider according to this Investment Commission. It is expected from this sector the creation of 1,365 direct jobs, followed by the industrial sector with the creation of 1,217 jobs. In third place, the Education sector with 660 jobs to be created. Regarding the distribution of investments by region of establishment, Casablanca Settat is in the lead, followed by Rabat Salé Kénitra, then Dakhla Oued Eddahab and Tanger Tétouan Al Hoceima, the press release indicates.

Regarding the distribution of jobs to be created by region of establishment, the Rabat Salé Kénitra region is in the lead, followed by the Oriental region and Casablanca Settat. Moreover, projects with Moroccan capital represent the largest part of the projected investments with 7.45 billion dirhams, or about 66% of the investments. This is followed by Morocco-France joint ventures with investments of 2 billion dirhams, or more than 17% of the total investment amount adopted by this Commission, and finally investments from the United Arab Emirates for 1.44 billion dirhams.