Major development projects in Morocco require strengthening the roles of regional investment centers

The government decided on the draft law related to changing and completing the law issued regarding the reform of regional investment centers and the establishment of regional investment committees.

Considering these legal texts, and the realistic composition of the regional investment councils, has remained a demand raised by those interested in economic affairs, justifying the matter by saying “Morocco needs to strengthen the position of these centers in light of the new directions of the new investment charter, in parallel with the country’s involvement in major development projects over the years.” In the future, in implementation of what was stated in the new development model that talks about Morocco 2035.

Specialists in the economic field, who spoke to Hespress, highlighted “the importance of the role of these centers in promoting investment opportunities at the territorial and regional levels, and clarifying the qualifications of each party, in a way that serves the achievement of spatial justice and Morocco’s major economic strategies,” pointing out “the necessity of fully activating the role of these public institutions.” And the powers assigned to it by the Moroccan legislator.”

Mohamed Jadri, an economic expert, said that “Morocco has an ambitious strategic vision based on the new development model, a vision that aims to double the gross domestic product to $260 billion by the year 2035,” adding that “this strategic goal can only be achieved through The way to encourage private investment and raise its share compared to public investment, the latter of which will be limited only to some sectors.”

The same economic expert explained, in a statement to the electronic newspaper Hespress, that “regional investment centers play a role in establishing this vision and presenting the investment opportunities that the regions abound to investors,” noting that “this role is in line with the goal of the thematic bodies that aim to achieve investment excellence.” That is, each entity distinguishes itself by investing in a specific sector or field and achieving leadership at the national level.”

The same spokesman noted that “the Kingdom’s regions have a set of economic and human resources that stimulate investment, and therefore these centers must play their role in marketing these investment opportunities and providing ready-made project banks for the benefit of those wishing to invest in local and foreign investments,” explaining that “Morocco relies greatly on the centers.” And regional committees in order to develop the territorial economy and implement the contents of the development model and major economic projects in their comprehensive dimension.”

For his part, Rachid Sari, an economic analyst, said, “The role of the regional investment centers was limited to facilitating the establishment of many enterprises and companies, but the Moroccan legislator added to them the authority to engage in the management of industrial zones,” adding that “the new investment charter stipulates the achievement of spatial justice.” “With the activation of all the roles and powers granted to these centers.”

Sari added, in his conversation with Hespress, that “an evaluation of the work of the regional centers distributed across Morocco’s regions in this regard shows some exceptions, as the centers affiliated with the southern regions set out to introduce qualifications and investment opportunities in the southern regions of the Kingdom, but this model did not expand,” noting. “The emergence of new sectors that can be relied upon to create added value necessarily requires compliance by these public institutions.”

The same spokesman pointed out that “every regional investment center is required today, more than ever, in light of the major economic stakes, to conduct studies of various investment opportunities and investment trends at the regional level, and to work to attract investors; The most important thing is to search for financing resources and not just be satisfied with the administrative and management role.”

The declarant stressed to Hespress that “despite the powers granted to them and their restructuring, they have still not fulfilled these powers, despite the infusion of resources and human energies that this requires in order for them to be at the level of the national economic stake,” noting “the importance of work as well.” At this level, we encourage Moroccans around the world to invest in their country, and also to benefit from their competencies in many sectors and fields.”