Investment commission adopts $ 37 mln investments

The ministerial investment commission convened in Rabat Wednesday under the chairmanship of premier Abderrahmane Youssoufi okayed investment projects totaling $ 37 million, a government general affairs department release said.

The extension of a semi-conductors plant generating 2,000 permanent jobs gets $ 30 million while $ 70 million will be soaked by a social-housing project in Casablanca to help relocate 3,500 households.

Investment projects in tourism, building material production and agro-industry were also probed.

Since inception, the inter-departmental investment commission processed 53 projects worth $ 107 million creating 11,350 new jobs and okayed 19 conventions worth $ 197 million generating 16,700 employment opportunities.