Morocco to Boost Mohammed VI Investment Fund to 150 Billion Dirhams

Morocco intends to bring the resources of the Mohammed VI Investment Fund to 150 billion dirhams. Headed by Mohamed Benchaaboun, former Moroccan ambassador to France, it aims to forge partnerships with the private sector, grant loans to companies active in sectors such as renewable energy and new technologies.

This "will be achieved thanks to the new investment charter which provides for financial and tax incentives for private sector companies." For Minister Mohcine Jazouli, "the objectives of this initiative are achievable, as we estimate that around 100 billion dirhams will be recorded by the end of this year," noting that there is a great possibility of exceeding 50 billion dollars by 2026.

In 2022, investments from the government amount to 22 billion dollars. Around 28 billion dollars are planned for 2023, according to the Finance Bill.