Business
Investment Charter: 191 Projects Approved with 326 Billion MAD in Projected Investments
Since March 2023, seven national investment commissions have approved 191 projects, expected to generate 150,000 direct and indirect jobs across the Kingdom. Notably, 83% of these projects have already commenced, particularly in strategic sectors such as electric vehicles and gigafactories.
The implementation of the Investment Charter was central to a meeting held on Tuesday in Casablanca between Karim Zidane, the Minister Delegate in charge of Investment, Convergence, and Policy Evaluation, and the Board of Directors of the General Confederation of Moroccan Enterprises (CGEM).
Discussions focused on the regional rollout of this Charter as a key driver for boosting investment and job creation, as well as the crucial role of the private sector.
During this occasion, Mr. Zidane highlighted that since the operationalization of the Charter in March 2023, 191 projects worth 326 billion MAD have been approved.
These projects, validated by seven national investment commissions (CNI), are expected to create 150,000 jobs across Morocco. He emphasized that 83% of these projects have already started, particularly in strategic areas like electric vehicles and gigafactories. This reflects rapid progress on commitments made and underscores a positive dynamic confirmed in January 2025.
Of the approved projects, 177 fall under the main framework, representing 248 billion MAD and over 90,000 jobs. Meanwhile, 12 strategic projects account for 78 billion MAD and 60,000 jobs.
Mr. Zidane also stressed territorial equity, with 50% of investments planned outside the Tangier-Casablanca axis. He noted sectoral diversity and highlighted that 81% of these projects are led by Moroccan companies, demonstrating the Charter’s effectiveness for domestic investors.
CGEM President Chakib Alj praised government efforts to stimulate investment while emphasizing private sector priorities such as supporting micro, small, and medium enterprises (MSMEs) and job creation.
He stated that Moroccan businesses recognize their responsibility to create value and employment while driving economic growth amid Morocco’s remarkable momentum. He also pointed to opportunities tied to major events like the 2025 Africa Cup of Nations (CAN) and the 2030 FIFA World Cup, alongside the 130 billion MAD allocated for investments under the finance law.
Mr. Alj expressed optimism about surpassing the goal of achieving 550 billion MAD in private investments between 2022 and 2026. He noted that private investment reached 120 billion MAD in 2024—an increase of 20% compared to 2023.
Simultaneously, he called for modernizing labor laws, simplifying investor processes, and reforming vocational training.
He concluded by highlighting promising economic prospects despite challenges like severe droughts impacting growth.
He stressed the importance of simplifying investment procedures to provide Moroccan businesses with clarity and resources to remain competitive while continuing to invest and create added value.
