Morocco Boosts Public Investment to 230 Billion Dirhams in 2021, Report Shows

"The government has doubled its efforts to strengthen public investment, particularly in the education, health and renewable energy sectors. These efforts have been accompanied by the creation of a new public investment management system, based on performance, efficiency and the mobilization of new and innovative sources of financing," the document states. Thus, from 2017 to 2021, public investment on an annual average reached 201.6 MMDH against 146.1 MMDH from 2007 to 2017.

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This investment has enabled the creation of several thousand jobs in the private sector, through public procurement. It has also helped to strengthen the competitiveness of the economy, improve the investment climate, thus contributing to the attractiveness of Morocco. With the strengthening of investment efforts since 2007, investment credits from the general budget have also increased, reaching 73.6 MMDH from 2017 to 2021 against 42.9 MMDH from 2007 to 2011.

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In addition, the government has put in place several sectoral strategies. Among others, there is the "Green Generation 2020-2030" which replaces the Green Morocco Plan (PMV) and aims mainly to develop a new generation of farmers, i.e. 350,000 to 400,000 households through the mobilization of one million hectares of collective land, and the "Forest of Morocco" strategy. To this is added the establishment of the 2021-2023 industrial acceleration plan which aims to substitute 34 MMDH of imports, not to mention strategies to revive the tourism, crafts, and social economy sectors to overcome the aftermath of the crisis related to the new coronavirus.