Morocco moves to set up local investment committees to ease investments

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.