The National Investment Committee in Morocco has approved 20 projects of agreement with a budget of 17.3 billion dirhams (1.73 billion dollars), which would provide 27 thousand jobs.
This came, according to a statement by the Moroccan Prime Minister, issued yesterday evening, in which it said that “these (investment) projects are of 14 regions, and in particular, Beni Mellal (North), Guelmim (Southeast) and Tan Tan (Sahara region).
The statement stated that “the projects relate to 7 sectors: tourism, renewable energies, the food industry, the automotive industry, the cabinet (packaging), the lighting products industry and the deportation of services.”
He explained that:
- Tourism is the main sector in terms of the number of job opportunities expected to be created thanks to the approved projects, as this sector is expected to create 42% of the total job opportunities.
- Followed by the auto sector, which is expected to provide 24%job opportunities.
- The food industry is 13% of job opportunities.
- Then the service deportation sector is 8%. “
Tourism is the second source of foreign criticism in Morocco during 2023, at a value of $ 10 billion, after the transfers of expatriates abroad of $ 11.6 billion that year.
Investment in electricity
In the context of investments, the Director General of the Moroccan National Office for Electricity and Drinking Water, Tariq Hamman, said that Morocco intends to invest more than 27 billion dirhams (27 million dollars) to enhance its electrical network during the next five years.
Hamman added – in a statement yesterday – that this investment would enhance the integration of renewable energies, especially the wind and the sun, in the southern and southeast regions.
He added that this project seeks to ensure the competitiveness of renewable energy, while ensuring that costs and remove carbon from the economy, which enhances Morocco’s attractiveness to the industries consumed for large quantities of energy, such as the production of batteries and huge industrial units (Gja Factori).
He said: “Today, the ability of the total electrical kingdom composite of renewable energies to 44.3%, or approximately 5400 megawatts, is distributed between wind energy (2400 megawatts), electrical energy (2100 megawatts), and solar energy (900 megawatts), highlighting that Projects under development would soon exceed the target set at 52%.
