Morocco’s King Unveils New Investment Charter to Boost Private Sector Growth

During the session, the details of this new investment policy were presented to the sovereign, who made recommendations, indicates a press release from the Royal Cabinet, specifying that the new charter is in line with the spirit and ambition of the New Development Model (NMD).

Born out of the royal will, the new document aims to reverse the current trend where private investment represents only about a third of total investment, and public investment accounts for two-thirds. Consequently, it plans to increase the share of private investment to two-thirds of total investment by 2035.

The main objectives assigned to the new investment charter are job creation, the promotion of fair territorial development and the prioritization of sectors that are drivers for the national economy.

The project also provides for exclusive measures to support strategic projects such as the defense industries or the pharmaceutical industry within the framework of the National Investment Commission, as well as a specific aid scheme for very small, small and medium-sized enterprises in addition to a mechanism for the development of Moroccan investments abroad.