Morocco unveils $37 billion investment drive to boost jobs and growth
Morocco unveils $37 billion investment drive to boost jobs and growth

Morocco has approved more than 230 investment projects valued at over 369 billion dirhams, according to a statement delivered Monday before the House of Representatives by Karim Zidane, Minister Delegate for Investment. These projects, greenlit over the course of eight separate sessions by the National Investment Commission, are expected to create more than 166,000 long-term jobs across the country.

Responding to a question from the Haraki group, Zidane emphasized that building a dynamic private sector remains a top priority for the government. Central to this strategy is the implementation of the new Investment Charter, which aims to foster more inclusive economic growth and solidify Morocco’s position within key global industries.

The minister also reiterated that employment is at the heart of government policy, underlining the importance of public investment in laying the groundwork for high-potential job-generating initiatives. According to Zidane, these efforts are part of a broader plan to create an ecosystem where both public and private actors can thrive.

When questioned by members of the Progress and Socialism group about Morocco’s industrial competitiveness, Zidane highlighted significant strides in improving the business climate. Nearly all of the measures outlined in the government’s 2023–2026 roadmap to reform the business environment—98 percent—have already been launched. As of the end of June, around 60 percent had been fully implemented. This overhaul is being coordinated by the National Business Environment Committee.

Zidane pointed to several key reforms already in motion: the launch of online business registration, the introduction of a legal framework for arbitration and mediation, faster payment processing times, and streamlined administrative procedures for investors. He also emphasized the critical need for better coordination at the regional level to ensure consistency and efficiency.

Looking ahead, the minister revealed that a new initiative is underway to simplify the investor journey. The plan aims to cut through red tape by improving around fifteen key stages in the investment process—from the early concept phase to full project execution—making it easier and faster for businesses to get off the ground.