Morocco Unveils New Incentives to Boost Diaspora Investment

"With the aim of encouraging project holders among Moroccans around the world to invest in Morocco, the government has launched a set of ambitious and innovative measures and initiatives, including the launch of the new formula for the Investment Fund for Moroccans Residing Abroad, "MDM Invest", which grants an investment subsidy equivalent to 10% of the project cost, with a ceiling set at 5 million dirhams; while the beneficiary commits to providing their own resources representing no less than 20%," Bourita indicated in response to a written question from a parliamentarian.

MREs wishing to invest in Morocco "are supported according to a new approach, starting from the countries of residence, with the implementation of programs in their favor in France and Belgium in a first phase, to help them create small and medium investment projects, within the framework of the Moroccan-French cooperation program Maroc Entrepreneurs, as well as the Moroccan-Belgian cooperation program Maghrib Belgium Impulse," the minister specified, adding that the POMIRE program, launched in partnership with the German cooperation agency GIZ, aims to "strengthen the contribution of Moroccans residing in Germany to the social and economic development of Morocco."

The government member also announced the establishment of a dedicated unit to support MRE investors. Its mission: to inform, guide, and accompany them at all stages of realizing their projects. Bourita also mentioned the project to create a mechanism for mobilizing Moroccan skills abroad and supporting project holders, announced by King Mohammed VI on the occasion of the 69th anniversary of the Revolution of the King and the People, on August 20, 2022, emphasizing that this integrated mechanism will, among other things, "promote exchanges and cooperation" with MRE investors.

The minister in charge of MREs also recalled "the launch of the new version of the ’Fincome’ program, in partnership with the National Center for Scientific and Technical Research, aimed at mobilizing experts and researchers among Moroccans around the world. These skills supervise research work, ensure co-supervision of theses, in addition to providing expertise in their specialty areas, contributing to technology transfer, promoting innovation, and creating joint research structures."