During the forum “Morocco & Spain – Investing together for a sustainable and shared future” in Madrid, Karim Zidane, Moroccan Minister Delegate to the Head of Government, in charge of investment, convergence and evaluation of public policies, highlighted the incentives set up by the Kingdom to attract foreign investors.
“Morocco has become a reference destination for investment in Africa and the Mediterranean region, thanks to a combination of structural factors and strategic reforms carried out under the vision” of King Mohammed VI, said Karim Zidane in an interview granted The economist On the sidelines of this high -level meeting, organized by the Ministry of Investment, Convergence and Evaluation of Public Policy, in partnership with the Moroccan Agency for Investments and Exports Development (AMDIE), before citing the assets of the Kingdom. These are summed up in a few points: political and macroeconomic stability of Morocco, its strategic geographical location and its network of modern infrastructure including world class ports such as Tangier Med, high-speed rail networks and integrated industrial zones.
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-“Beyond Africa, our continent of belonging, the quality of our infrastructure now competes with that of several European countries, and surpasses them even in certain segments,” noted the delegate minister. Priority investment sectors include the automotive industry, aeronautics, electronics, food industries, pharmaceutical and textile industries, as well as offshoring. Regarding emerging strategic sectors, we can cite in others renewable energies – in particular green hydrogen -, digitization, information technologies and the circular economy, which also gain importance.
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Morocco adopted the new investment charter at the end of 2022 in order to improve its investment climate. It is a transparent and legible framework to encourage the act of investing. “Morocco offers incentives up to 30 % of the total amount of investment,” said Zidane. These are direct subsidies to the investment granted according to the characteristics of each project, its geographic location and its sector of activity. The country also provides for “tax exemptions for the first years for new businesses or those established in specific areas,” added the delegate minister.
