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Morocco wants to use digital technology to attract $1bln+ in FDI

Thursday, 25 June 2020 18:51
Morocco wants to use digital technology to attract $1bln+ in FDI

(Ecofin Agency) - The Moroccan Minister of Digital Economy Moulay Hafid Elalamy (pictured) announced on June 23 that the government wants to make use of digital technology to attract MAD10 billion (about $1.04 billion) in Foreign Direct Investments and create more than 120,000 direct and indirect jobs across the country. This was during his presentation on digital development on the sidelines of a meeting of the National Committee for the Business Environment (CNEA).

According to the official, the aim is to make the country the first regional and continental digital hub; an ambition spurred by the recent digital dynamism stemming from the coronavirus context. He also revealed that his department is currently studying a series of projects to this end.

Moulay Hafid Elalamy stressed that Morocco's renewed investment in the digital sector would involve supporting digital companies, accelerating the digitization of public administrations, improving the governance of the sector and strengthening digital sovereignty.





 
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