59 New Projects Authorized to Boost Investment in Rural Provinces Across the Nation

In a monumental step towards bolstering economic growth in rural areas, the National Investment Commission (CNI) has greenlit 59 groundbreaking projects aimed at revitalizing the often-overlooked provinces of Morocco. With an impressive investment exceeding 46 billion dirhams, these initiatives are not just a lifeline for rural development projects but a means to generate approximately 40,000 jobs, significantly enhancing job creation in Morocco. The Minister Delegate, Karim Zidane, highlights that these efforts are crucial for promoting regional development Morocco and addressing territorial disparities, thus paving the way for a more equitable future across the Kingdom.

Overview of the Investment Projects

The National Investment Commission has recently approved 59 investment projects aimed at rural provinces in Morocco, amounting to over 46 billion dirhams.

These initiatives are expected to significantly impact employment, with projections indicating the creation of 40,000 jobs across various sectors in rural areas.

Targeted Rural Provinces and Their Impact

The selected provinces for these projects include Béni Mellal, Benslimane, Berrechid, and many others, focusing on promoting economic growth.

This investment will bolster development in areas traditionally seen as less attractive for investment, creating new opportunities and fostering regional equity.

Incentives and Support Mechanisms

The government’s investment strategy includes a territorial grant program that could provide financial incentives of up to 30% for investments in these rural regions.

This support aims to draw investors’ attention to areas that require further development and assistance, ensuring a more equitable distribution of resources.

Reducing Regional Disparities in Morocco

Addressing regional disparities is a key goal of the investment strategy, emphasizing the need for territorial justice and development across all provinces.

Efforts are underway to valorize the unique human, economic, social, and cultural potential of each region, promoting balanced growth.

Collaboration for Effective Implementation

The Minister highlighted the importance of collaboration among government entities, elected councils, and local stakeholders to ensure effective project implementation.

A collective approach will enable a seamless integration of investment policies, fostering sustainable development in rural Morocco.

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