New Investment Project would Generate 9,266 Direct Jobs in Morocco

Photo from Morocco World News

According the report,Moulay Hafid Elalamy,Minister of Industry made a speech at the meeting. He gave details about the sectors the government will invest in and the forecasted job positions.

The industrial sector will receive MAD 21.55 billion, transport and infrastructure MAD 10.91 billion, energy sector MAD 7.79 billion, and tourism MAD 5.98 billion.

Elalamy predicts the industrial and tourism projects will create 2,850 jobs each, fishing and agri-food industry 2,038 jobs, and telecommunications 607 jobs.

The Laayoune-Sakia El Hamra region in Western Sahara took the lion’s share of the investment projects at 30 percent, with a total of MAD 17.18 billion, said Elalamy.

The Rabat-Sale-Kenitra region received MAD 8.14 billion (14 percent) while the Casablanca-Settat region received MAD 8.07 billion (14 percent).

The remaining MAD 11.95 billion (20 percent) of investment projects will be spread to some or all of the nine other regions.

Elalamy believes that the new allocation will allow a "gradual" establishment of investment equity between the 12 administrative regions.

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