Highlights

Mr. BOUSSAID "attract and stimulate investments and facilitate the work of investors should be one of our priorities" : 24/12/2014

Mr. BOUSSAID "attract and stimulate investments and facilitate the work of investors should be one of our priorities"

The Minister of Economy and Finance, Mr. Mohammed BOUSSAID, participated Wednesday, December 24th , 2014 to the Inter-ministerial Investment Commission, held in Rabat and chaired by the Head of Government, Mr. Abdelilah Benkirane.

During the meeting, 32 investment agreement projects were approved for a total amount of 15.5 billion dirhams (billion dirhams).

In a press statement, the Minister of Economy and Finance stated that these investments are expected to generate more than 4,000 stable and direct jobs. The industrial sector accounts for the main part with 11.76 billion dirhams. Mr. BOUSSAID believes that this involves a qualitative transformation that reflects the national industrial development policy.

"The Finance act 2015 provides several measures to encourage investment, including reducing the investment threshold for the acquisition of capital goods, equipment and tools which are exempt from import duty from 250 to 100 million dirhams (MDH) and the extension of the period of exemption from value added tax on the acquisition of investment goods both locally and imported from 24 to 36 months” specified the Minister.

Mr. BOUSSAID believes that in spite of its importance, the amount of 15.5 billion dirhams does not reflect the real Morocco's ability to attract investments, taking into account the development of the international supply in this area and the opportunities our country offers as well as its needs. "He therefore called institutions concerned with the promotion of investment and support for investors to be more proactive in looking for investors and direct them to the least exploited areas.

"Attract and stimulate investment and facilitate the work of investors should be one of our priorities," he stated.

In 2013, the Inter-ministerial Investment Commission approved 40 investment agreement projects for a total amount of 42 billion dirhams.