Morocco moves to set up local investment committees to ease investments
Morocco, Economics, 9/21/2000

Morocco is projecting to set up local investment committees at the level of prefectures and provinces to lift obstacles and facilitate the carrying out of investment projects.

A meeting of the inter-ministerial investment commission, held on Tuesday under the chairmanship of Prime Minister Abderrahmane Youssoufi, has examined the creation of these committees that will act as "one-stop" offices concentrating all administrative procedures for investment projects.

The commission also looked into a decree that defines eligibility criteria for investments to benefit from investments advantages. It also endorsed four draft conventions for the construction of over 14,000 low-cost housing units, worth a total value of 2.8 billion Dirhams ($ 254 million).

Since its creation in September 1998, the inter-ministerial commission has approved 79 investment applications, worth 34.7 billion Dirhams ($ 3.15 billion) and creating 31,549 new jobs.

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