In front of the deputies, Aziz Akhannouch expressed the will of the Executive to further improve the business climate, by considering drawing up a new roadmap by 2026. Akhannouch promised a new generation of reforms which revolve around three main objectives, namely the simplification of administrative procedures, the improvement of access to land and public procurement, and the facilitation of access to financing.
This new roadmap is seen as a complement to the Investment Charter which was voted by the two Chambers of Parliament. The Head of Government stressed the need for the full and complete implementation of the new charter, the purpose of which is to encourage exports and to advance in the industrialization project by import substitution. The Charter, it should be remembered, offers sectoral and regional bonuses to companies in order to encourage them to invest.
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At the same time, the Executive is counting on the added value of the Mohammed VI Fund for Investment, endowed with an envelope of 45 billion dirhams, including 15 billion provided by the State. The operationalization of the fund is already designed, knowing that its areas of intervention have been identified.
Acceleration of industrialization
Aziz Akhannouch also welcomed the achievements of the automotive and aeronautical industry, recalling that Morocco has passed the milestone of 100 billion dirhams of car exports in 2022. A performance which exceeds by 35% that recorded the year former. Ditto for exports of aeronautical parts which increased by 40% at the end of November 2022 compared to the same period the previous year.
This performance is part of a palpable dynamism of industrial exports, the volume of which reached a record level, according to the Head of Government. In fact, they reached around 339 billion dirhams, an increase of 35%.
The Head of Government expressed Morocco’s desire to develop these two industries in the years to come to make the Kingdom a “competitive platform at the global level”. This is why the Executive has set three objectives, namely the improvement of the rate of local integration, the association of Moroccan capital in industrial projects and decarbonization.
The Executive has similar ambitions for other sectors such as outsourcing and wants to capitalize on current achievements. This sector, considered promising, contributes to the creation of 120,000 job opportunities, and contributes up to 14 billion dirhams of the value of exports. In addition, the pharmaceutical industry is also included in the list of priority sectors for the government.