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China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Image from Moroccoworldnews
Morocco's Delegate Minister for Investment, Convergence, and Policy Evaluation, Mohcine Jazouli, led on October 4 a meeting highlighting the strategic alignment of Regional Investment Centers (CRI).
The meeting, which discussed the need to accelerate Morocco’s post-COVID and post-earthquake economic recovery, was attended by the Directors-General of the 12 CRIs.
Following a change in supervision earlier this year, this meeting marks the beginning of the new phase of CRI reform, as directed by the King. The CRIs are now tasked with overseeing the entire investment process, improving its efficiency, and providing better support services to project proponents through to final implementation.
This strategic alignment will primarily define the new positioning of CRIs and outline the roadmap for the next stage of their reform while building upon the achievements made under Law 47-18.
During the meeting, Jazouli underscored that this new phase is part of the government's efforts to make private investment the driving force behind economic recovery, with the aim of achieving the objectives set by the King. These objectives include attracting 550 billion Moroccan Dirhams in private investment and creating 500,000 jobs by 2026.
With the new Investment Law in force, the National Investment Committee established, investment governance unified under the Prime Minister, and the Business Climate Plan for 2023-2026, the Investment Ministry is now focusing on the CRIs' strategy for territorial investment.
This proactive approach demonstrates Morocco's commitment to fostering a business-friendly environment and harnessing the potential of private investment as a catalyst for economic resurgence in line with the vision set by King Mohammed VI. The strategic alignment of CRIs is poised to play a pivotal role in realizing these ambitious goals and ensuring that Morocco remains an attractive destination for private investment in the coming years.
