Morocco Approves $8.6 Billion in Investments to Boost Jobs and Key Industries

Morocco has approved a new wave of investment projects worth more than 86 billion dirhams (around $8.6 billion), in a move aimed at accelerating economic growth and strengthening key sectors of its economy.

The approvals were announced following a meeting of the National Investment Commission in Rabat, chaired by Prime Minister Aziz Akhannouch, as part of the country’s new investment strategy launched in 2023.

A total of 44 projects were validated, expected to generate more than 20,000 jobs, including around 9,000 direct positions and over 11,500 indirect jobs.

The projects are spread across 19 provinces in 10 regions, reflecting Morocco’s push to diversify investment beyond major urban centers and promote more balanced regional development.

They span 18 sectors, highlighting the breadth of Morocco’s economic ambitions. These include tourism, renewable energy, automotive manufacturing, airport infrastructure, agribusiness, healthcare, rail infrastructure, mining, telecommunications, chemicals, aerospace, and higher education.

The automotive sector is set to be the largest job creator among the approved projects, accounting for 38% of total employment, followed by tourism at 17% and the food industry at 12%.

The investment drive also includes strategic projects. Authorities approved two major agreements worth 12 billion dirhams ($1.2 billion), expected to create more than 2,100 direct jobs, mainly in the automotive and chemical industries.

These strategic investments will be implemented across three key regions: Casablanca-Settat, the Oriental region, and Tangier-Tetouan-Al Hoceima—areas already emerging as industrial and logistics hubs.

In addition, four projects with a combined value exceeding 33 billion dirhams ($3.3 billion) were granted “strategic” status, expected to generate around 4,000 direct jobs.

Officials say the investment momentum reflects growing international confidence in Morocco’s economy. Foreign direct investment inflows reached a record 56.1 billion dirhams ($5.6 billion) in 2025, marking a 22% increase compared to the previous peak recorded in 2018.

The new investment charter, which came into force in March 2023, is designed to attract both domestic and foreign investors through incentives and streamlined procedures, while also supporting small and medium-sized enterprises.

Rabat has positioned investment as a central pillar of its economic strategy, aiming to create jobs, enhance industrial capacity, and reinforce its role as a regional hub linking Europe, Africa, and the Middle East.

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