First regional investment centers in Morocco operational by July
Morocco, Economics, 3/15/2002

The first regional investment centers will start operation as of July 2002.

The decision was made at a meeting in Rabat Wednesday chaired by Moroccan minister of the interior, Driss Jettou, and attended by the walis (senior governors) of the 16 regions of the Kingdom, a statement by the ministry of the interior said.

All the other regional centers planned should be operational before the end of the year, it has been stressed at the meeting, that debated the organizational structure of the centers, their needs in matters of financial and human resources as well as the training of the staff to run these centers.

The meeting also looked into the decrees and ministerial decisions that were approved at the ministers' council held on March 5 in Dakhla under the chairmanship of King Mohammed VI.

Under the texts, that were published in the official gazette, ministerial prerogatives were delegated to the regions walis (governors), as come in the royal letter to the Prime Minister related to a decentralized management of investments.

King Mohammed VI announced last January in a royal letter to the Prime Minister the creation of single investment centers for each region, to extend assistance to investors and to people wishing to set up enterprises.

The centers, to be placed under the responsibility of the Walis of regions will have two desks, a desk of assistance to enterprise creation that shall be the single interlocutor for all the people who want to create an enterprise, whatever its form, and a desk of assistance to investors that will supply investors with all information regarding regional investment.

The assistance to investors desk will examine all applications for administrative licenses and prepare administrative documents, necessary to carry out investment projects in the industrial, agri-business, mining, tourism, handicraft and housing sectors, when the investment project amount does not exceed 200 million DH (about US$ 17.40 million).

When the investment project amount is equal to or higher than 200 million DH, the desk will examine the draft contracts or conventions to be concluded with the State so that the investor benefits from special advantages, and forwards the said drafts to the competent governmental authority to be approved and signed by the contracting parties.

The desk will also propose amicable solutions to the disputes that may oppose investors and administrations.

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