Morocco Unveils Investment Incentives to Attract Foreign Capital

"Morocco has become a reference destination for investment in Africa and the Mediterranean region, thanks to a combination of structural factors and strategic reforms carried out under the vision" of King Mohammed VI, said Karim Zidane in an interview with El Economista on the sidelines of this high-level meeting, organized by the Ministry of Investment, Convergence and Evaluation of Public Policies, in partnership with the Moroccan Agency for Investment and Export Development (AMDIE), before citing the kingdom’s assets. These can be summarized in a few points: Morocco’s political and macroeconomic stability, its strategic geographical location and its network of modern infrastructure including world-class ports such as Tanger Med, high-speed rail networks and integrated industrial zones.

"Beyond Africa, our continent of belonging, the quality of our infrastructure now rivals that of several European countries, and even surpasses them in some segments," noted the Minister Delegate. Priority investment sectors include the automotive industry, aeronautics, electronics, agri-food, pharmaceutical and textile industries, as well as offshoring. Regarding emerging strategic sectors, we can mention among others renewable energies - particularly green hydrogen -, digitization, information technologies and the circular economy, which are also gaining in importance.

Morocco adopted the new Investment Charter at the end of 2022 to improve its investment climate. This is a transparent and readable framework to encourage the act of investing. "Morocco offers incentives that can reach 30% of the total investment amount," explained Zidane. These are direct investment subsidies granted according to the characteristics of each project, its geographical location and its sector of activity. The country also provides "tax exemptions for the first years for new companies or those established in specific areas," added the Minister Delegate.