King Mohammed chairs meeting on investments promotion
Morocco, Economics, 7/11/2000

Morocco's King Mohammed VI chaired Monday afternoon in the northern city of Tangier a meeting of the experts committee entrusted with promoting investments in Morocco.

The meeting pondered on means to lower down obstacles hindering investments in the kingdom, with a special emphasis on the problems related to real estate and plots of land destined to industrial purposes, a statement by the official spokesman for the royal palace, Hassan Aourid, said.

The committee presented to the sovereign a report on its investigations that found out the existence of 5,000 plots of land that will be recovered and put, in addition to other new plots, at the disposal of investors.

The committee also submitted to the king's appreciation the guidelines of its work, mainly the promotion of nine new industrial zones, the rehabilitation of ten industrial zones and the reduction of deadlines regarding construction licenses.

The committee also dealt with the new technologies project that will be materialized shortly, in view of the importance of these technologies in promoting investments and their key role in development, the statement said.

The king urged the committee to see to it that the new technologies create job opportunities and hire young graduates and that they cover sensitive sectors such as the administration, education and services, given the positive impact these new technologies have on all economic and social sectors, the statement added.

The experts committee entrusted with promoting investments includes businessman and former Prime Minister, Karim Lamrani, the advisors to the sovereign, Mohamed Kabbaj and Zoulikha Nasri, minister of economy and finance, Fathallah Oualalou, businessman and former minister of trade and industry, Driss Jettou, governor of Morocco's central bank "Bank Al-Maghrib," Mohamed Seqat, director general of the "Bureau de Recherches et de Participations Minières"(BRPM), Amina Benkhadra, and the director of the agency for the economic and social promotion of the northern provinces, Hassan Amrani.

The committee also includes president-managing director of the Wafa Bank group, Abdelhaq Bennani, director of land registration, topography and cartography, Mohamed Saad Hassar, chairman of the employers' association (CGEM), Hassan Chami, and industrialist and businessman Jacques Toledano.

Secretary of state for the interior, Ali El-Himma, and director of the royal office, Mohamed Rochdi Chraibi, attended the meeting.

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