Under the direction of Morocco’s head of State, Abdelilah Benkirane, the investment commission just green-lit 21 investment projects of a total cost of €3.5 billion (38.08 billion dirhams).

These investments which will be injected throughout the year come from both international and local firms. Projects retained by the commission should, upon completion, generate 4,467 direct jobs.

52.5% of these projects which have not been detailed are directed towards the industry sector were 2,943 jobs, two third of the expected generated jobs, will be created.

The Telecom segment comes second with 16 billion dirhams of investment, thus 42% of the projected investment. These investments mainly relate to the installation of 4G by Maroc Telecom, Méditel and Inwi.

The power sector is third with 5% of the expected investment.

Companies who have received approval for their investment will benefit from various tax advantages as well as subsidies in exchange of strong commitments regarding sums to be invested and jobs created.

Founded in 1998, the commission of investment has for role to regularly examine investments of more than €21 million (200 million dirhams) made by local as well as international firms.