Mr. Mohamed Benchaaboun, Minister of the Economy, Finance and the Reform of the Administration, launched on Tuesday February 16th 2021 in Casablanca, a call to capitalize on the dynamics that the Kingdom is experiencing today in order to revive its economy, and to combine all efforts to develop partnerships with Moroccans Residing Abroad (MRA) in productive and high added value sectors.
Minister, who spoke at a virtual meeting, organized by the General
Confederation of Enterprises of Morocco, around investment opportunities in
Morocco, affirmed that the leverage effect targeted through the establishment
of the Mohammed VI Investment Fund is an opportunity to seize to create such
partnerships and strengthen entrepreneurial links with MRAs. In its logic of
intervention, he said, the Mohammed VI Fund should constitute a permanent tool
to encourage and support the entrepreneurial dynamic of the Moroccan diaspora
through the multiple funding vehicles that will be put in place.
this context, Mr. Benchaaboun believes that to increase their contribution to
investment projects with high growth potential and job creators, MRAs could
find in these tools, funding partners for their development. All the more so
since SMEs are priority targets of the said fund.
to be one of the axes of the recovery plan, the Mohammed VI Investment Fund
aims to face the challenges induced by the crisis which has deeply affected the
this regard, the Minister explained to the audience that this tool responds to
multidimensional problems in relation in particular to the financing of
companies' equity, the relief of the pressure exerted on public finances
through a more massive use of partnership with the private sector in the field
of infrastructure or even improving Morocco's attractiveness to private
investors, especially international investors.
also noted that this instrument will target, via thematic and sectoral funds,
areas deemed to be priority areas, in particular industrial restructuring,
innovation and activities with high growth potential, the promotion of SMEs,
infrastructure, agriculture. and tourism. "The target size of this fund of
45 million dirhams, whose contribution from the state has been set at 15
billion dirhams, or about 4% of national GDP, is both proof of the firm
commitment of the "State in favour of revitalizing the wheel of the economy
and the establishment of a vehicle endowed with sufficient resources to
stimulate a new dynamic of private investment", he concluded.