Tangier-Tetouan-Al Hoceima: 13th Board of Directors Meeting of the Regional Investment Center
Tangier, Friday, April 18, 2025
The Minister of Investment, Convergence and Evaluation of Public Policies, Mr. Karim Zidane, chaired on Tuesday, April 15, 2025, in Tangier, the 13th Board of Directors of the Regional Investment Center (CRI) of the Tangier-Tetouan-Al Hoceima region.
This meeting holds special significance as it is the first to be held following the entry into force of Law No. 22-24, which amends and supplements Law No. 47-18 relating to the reform of the CRIs and the establishment of Unified Regional Investment Commissions. This new legal framework aims to strengthen the pivotal role of CRIs in promoting and supporting investment at the regional level.
In his opening remarks, the Minister recalled the High Directives of His Majesty King Mohammed VI, may God assist Him, regarding investment promotion, and emphasized the need to establish unified and coherent territorial governance capable of stimulating economic dynamism and accelerating growth, in line with the national objectives set for private investment. He also highlighted the strategic role played by CRIs as key players in regional economic development, particularly through simplifying procedures, stimulating investment, and improving the business climate.
The Minister further underlined the economic momentum experienced by the Tangier-Tetouan-Al Hoceima region, which continues to attract major investments in promising strategic sectors. He commended the ongoing efforts of the CRI team to meet investors’ expectations and to support various economic stakeholders. He called on all actors within the regional investment ecosystem to enhance coordination and intensify joint efforts to consolidate the region’s position as a competitive and attractive investment hub both nationally and internationally.
For his part, Director General of the CRI, Mr. Yassine Tazi, presented a detailed report on the Center’s activities for the year 2024, which saw a remarkable improvement across various regional investment indicators, reflecting sustainable economic dynamism and boosting the region’s attractiveness. In 2024, the Unified Regional Investment Commission reviewed a total of 838 investment applications, approving 737 of them, representing an approval rate of 88%. The total investment value exceeded 85 billion dirhams, marking a 16% increase compared to 2023. These projects, processed within an average timeframe of 4 days, are expected to create approximately 68,700 jobs in the medium and long term.
The year 2024 also saw support provided to more than 6,200 project holders through various programs. The CRI organized and took part in over 76 economic events at the regional, national, and international levels to promote the region’s investment potential and opportunities. Additionally, the Center welcomed 113 business delegations as part of exploratory missions to identify new international markets.
At the close of the meeting, the Board members unanimously approved all items on the agenda, commending the achievements made and praising the efforts undertaken by the CRI team.
