Morocco Invests 400 Million Dirhams in Northern Development Projects

The objective of this project is to promote investment to generate new momentum in the prefecture of M’diq-Fnideq and the province of Tetouan, reports Aujourd’hui le Maro. It also aims to create job opportunities and improve the economic and social conditions of the targeted local populations. This is one of the main objectives of a new development program that will provide this prefectural and provincial territory with several projects for a total state budget, it is specified.

Regarding the financing of this new integrated development program, several partners have contributed. As for the Ministry of the Interior and the Council of the Tanger-Tetouan-Al Hoceima region, they have contributed 80 million dirhams each, followed by the Department of Industry and Commerce and the Agency for the Promotion and Economic and Social Development of the Prefectures and Provinces of the North. They all want to finance this integrated development program with 40 million and 10 million dirhams respectively.

Among the listed projects, the most important one programmed under this agreement is the project to create an economic activity zone in Fnideq. It will be built for 200 million dirhams.

For now, "this project aims to inject new economic momentum into the territory of the prefecture of M’diq-Fnideq and the province of Tetouan, through the creation of a platform capable of hosting high value-added economic activities," say the initiators of this project.