6th CNI - Approval of 56 Projects for an Amount of 134 Billion Dirhams

Rabat, Tuesday, December 10, 2024

• 56 investment projects approved for a total amount of 134 billion dirhams, including 45 billion dirhams of private investment, creating nearly 28,000 jobs:
  • Approval of 52 projects under the main framework of the new Investment Charter for nearly 113 billion dirhams, creating nearly 18,000 direct and indirect jobs;
  • Approval of 4 projects within the framework of strategic projects for 21 billion dirhams, creating nearly 10,000 direct and indirect jobs;
  • Granting strategic status to 3 additional projects for 14 billion dirhams, creating nearly 38,000 direct and indirect jobs.
• 32 provinces and prefectures across the 12 regions of the Kingdom involved.

The Head of Government, Mr. Aziz Akhannouch, chaired, on Tuesday, December 10, 2024, in Rabat, the 6th National Investment Commission (CNI). This commission was established under the new Investment Charter, operational since March 2023, in line with the High Orientations of His Majesty King Mohammed VI, May God Assist Him.

The 6th CNI approved 48 project agreements and 4 amendments to agreements under the main framework established by the new Investment Charter. The approved 52 projects represent a total amount of nearly 113 billion dirhams, including 24 billion dirhams of private investment, creating nearly 18,000 jobs, including 10,000 direct jobs and 8,000 indirect jobs.

The commission also approved 4 strategic projects in the sectors of electric mobility, renewable energy industries, and seawater desalination in the regions of Guelmim-Oued Noun, Tanger-Tétouan-Al Hoceima, and Casablanca-Settat. These projects represent an investment of 21 billion dirhams and will create nearly 10,000 direct and indirect jobs.

Additionally, the commission examined 3 additional projects for the granting of strategic status. These projects amount to 14 billion dirhams and are expected to create nearly 38,000 direct and indirect jobs in the sectors of textiles, electric mobility, and telecommunications.

The investments approved under the main framework involve 32 provinces and prefectures across the Kingdom's 12 regions. These provinces include Fès, Meknès, Ifrane, M’diq-Fnideq, Larache, Boujdour, Khouribga, Essaouira, Safi, Taroudant, Errachidia, Nador, Oued Ed-Dahab, and El Haouz.

These projects span 19 sectors of activity, including telecommunications, renewable energy, tourism, construction materials, electric industries, railway industries, health, agribusiness, logistics, chemistry-petrochemistry, textiles, automotive, plastics, and outsourcing.

The tourism sector is the leading job creator among the projects approved during this CNI under the main framework, accounting for 19% of total jobs, followed by construction materials (18%), health (15%), and agribusiness (8%).

During the meeting, the Head of Government emphasized that "as outlined in the 2025 Finance Bill, supporting private investment and job creation is one of the government’s priorities, and all stakeholders remain mobilized to sustain the momentum launched with the implementation of the new Investment Charter, in accordance with the High Orientations of His Majesty King Mohammed VI, May God Assist Him."

As the 4th commission of 2024, this 6th CNI sets new records in terms of investment amount and job creation, confirming the momentum of private investment in the Kingdom and highlighting the positive impacts of the new Charter.