Morocco – OECD: Launch of the Review of Investment Policies

Paris, Tuesday, November 5, 2024

The Organisation for Economic Co-operation and Development (OECD) launched the Review of Investment Policies in Morocco on Tuesday in Paris as part of Phase 2 of the Morocco Country Program (PPM2).

This review, the result of a collaborative and inclusive process involving various Moroccan departments at both national and regional levels and led by the Ministry of Investment, Convergence, and Evaluation of Public Policies (MICEPP), provides an in-depth analysis of Morocco's investment and business climate, highlighting ongoing reforms, challenges, and strategic opportunities.

In her speech, Morocco's Ambassador to France, Ms. Samira Sitail, praised the exemplary relationship with the OECD, stating: “This review symbolizes much more than a mere assessment; it marks a very important step in strengthening this partnership.” She also highlighted that this review serves as a key milestone and an anchor point in the shared path of cooperation between Morocco and the OECD, built on constructive dialogue and a shared vision of collaboration.

Mr. Zakaria Farahat, Director of International Cooperation, Communication, and Partnerships at MICEPP, who led the Moroccan delegation that included representatives from the Ministry of Investment, AMDIE, and CRIs, remarked: “Under the enlightened leadership of His Majesty King Mohammed VI, may God assist Him, Morocco has transformed challenges into opportunities to become a leading global hub for sustainable investment and trade. This role as a 'hub' goes beyond mere geographical connection. In the context of global value chain restructuring, Morocco positions itself as a connector country and a central player committed to building a more resilient, sustainable, and inclusive future.”

L’ambassadrice de France auprès de l’OCDE, Mme Amélie de Montchalin, a souligné que la modernisation institutionnelle et réglementaire du Maroc en fait une destination privilégiée pour les investissements à long terme, en particulier dans des secteurs stratégiques tels que l'automobile. L’ambassadeur d’Espagne, M. Ximo Puig, a quant à lui mis en avant les progrès remarquables du Maroc dans l'attraction des investissements directs étrangers, portés par des réformes ambitieuses et un climat des affaires renforcé.

The French Ambassador to the OECD, Ms. Amélie de Montchalin, emphasized that Morocco’s institutional and regulatory modernization makes it a prime destination for long-term investments, particularly in strategic sectors like automotive.

Spain’s Ambassador, Mr. Ximo Puig, highlighted Morocco’s remarkable progress in attracting foreign direct investment, driven by ambitious reforms and a strengthened business climate.

For his part, Mr. Carmine Di Noia, Director of Financial and Enterprise Affairs at the OECD, underscored the privileged relationship between the OECD and Morocco, built on strong and lasting cooperation. He noted that this second review, initiated at the request of the Moroccan government, reflects the significant progress Morocco has made since the first review nearly fifteen years ago.

This event, which brought together ambassadors from OECD member countries, government decision-makers, international experts, and key economic players, served as a platform for discussion on the progress achieved and the recommendations from the review, aimed at advancing reform and improving Morocco’s business environment.

The OECD Investment Policy Reviews provide an overview of investment trends and policies in examined countries. They cover various aspects of the investment climate, such as investment policy and promotion, responsible business conduct, and other factors impacting the business environment.