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Moroccan government approves 48 investment projects valued at $3.4 billion

Moroccan government approves 48 investment projects valued at $3.4 billion
  • Comments   -   Friday, 12 January 2018 - 15:52

(Ecofin Agency) - December 10, 2017, 48 investment and amendment agreements’ projects were approved, in various sectors, by the national committee on investments of Morocco, chaired by Saad Eddine El Othmani (photo), Prime Minister.

These projects, with an overall cost of DH32.32 billion ($3.4 billion), should help generate 20,142 jobs, 6,190 direct and 13,952 indirect. 

In terms of volume, the industrial sector will capture the largest portion of the investments approved, thus DH18.97 billion (about $2 billion) or 59% of these investments. Meanwhile, the seawater desalination sector will capture 11% of overall investments approved or DH3.46 billion (about $370 million) and transport-infrastructures will get another 10% of the investments. 

Most of these projects (85% to be exact) will be developed locally at a cost of DH27.53 billion (around $2.95 billion). These include large projects in the industry, trade, transport and infrastructure sectors. 

Borgia Kobri

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