Morocco Unveils 275 New Industrial Projects to Boost Domestic Manufacturing and Job Creation

More specifically, "96 new targeted project sheets will enrich the Project Bank, composed of 275 projects, and expand it to integrate the dimension of industrial, health and food sovereignty, in accordance with the High Royal Directives," said the Minister of Industry and Trade, Ryad Mezzour.

These various projects concern the sectors of "water, medicines, medical devices, food inputs, industrial development of agricultural resources, packaging and equipment and machinery," he stressed, adding that the objective is to "capitalize on Morocco’s achievements during the pandemic and give the great potential shown by industrial operators the opportunity to go further and innovate even more."

With an investment of 16 billion dirhams, these new opportunities could generate 67,000 jobs and a total turnover of nearly 28 billion dirhams, he continued. Launched two years ago, the project bank is a mechanism that is now being strengthened with the investment charter. To date, 1,179 investment projects, 87% of which are Moroccan capital, have been identified by the project bank in the 12 regions of the Kingdom, it is specified.