2013 Finance Bill: Industrial Investment Development Among Priorities
1 November 2012
Read by 1519 persons
The accelerated implementation of the "Emergence" plan and the development of industrial investment are among the essential components of the 2013 finance bill, in order to support economic growth and improve its job creation.
In its 2013 Finance Bill (PLF), presented by the Kingdom's finance minister to both houses of parliament, the government emphasizes the revitalization of industrial investment, through the accelerated implementation of the "Emergence" strategy and the development of new high-value-added industrial sectors, the development of industrial subcontracting, technology transfer and industrial integration.
50 billion dirhams
The government is committed to accelerating the implementation of one of the main axes of the National Pact for Industrial Emergence, covering the period 2009-2015, which notably provides for the realization of more than 50 billion dirhams of investments, based on the development of Moroccan World Crafts (MMM).
The government thus advocates the consolidation of job creation in high value-added sectors such as offshoring, automotive, aeronautics and space, electronics and textiles.
Offshoring
Offshoring, which generated a significant increase in jobs created, with 52,000 in 2011 compared to 23,000 in 2007, represents one of the essential components of the implementation of the "Emergence" plan. Of the six Integrated Industrial Platforms (P2I) dedicated to offshoring planned by the "Emergence" pact, five are under construction or expansion, namely Casanearshore, Rabat Technopolis, Fes Shore, Tetouan Shore and Oujda Shore.
Automotive Industry
To support the development of the automotive sector, the government announces the forthcoming creation of two integrated platforms dedicated to this sector with free zone status. The first, located in Kenitra, should ultimately generate 12 billion dirhams of investment and create 30,000 jobs. Its first phase has been delivered and is currently attracting prestigious groups in the automotive subcontracting sector. Work on the second phase should be completed in 2015.
400,000 units/year
The second platform, "Tanger Automotive City", whose construction work was launched on February 9, 2012, under the chairmanship of the King, is a major component for the emergence of an integrated automotive industry in Morocco. The completion of the extension of this complex is scheduled for 2014, with the aim of ultimately raising production to 400,000 units per year, 90% of which will be destined for export.
Aeronautics
The aeronautics and space industry sector is an important component of the Emergence plan. The government thus announces the scheduled delivery of the first phase of the development work on the Nouaceur platform during the second quarter of 2013, in order to consolidate the sector's exports, which amounted to 5.3 billion dirhams in 2011, and jobs, which amounted to 8,000.
Electronics
In the electronics sector, the PLF advocates the continuation of the creation of five districts dedicated to electronics within integrated platforms, with the aim of achieving an additional 2.5 billion dirhams of GDP and creating 9,000 direct jobs by 2015.
Textiles
Regarding textiles, the government undertakes in its PLF to continue financing new investment projects such as the Finishing, Printing and Dyeing (FIT) sector and to promote support for the emergence of three business models within the textile business fabric: aggregators, distributors and converters.
Support for these categories takes the form of financial aid for distributors and converters to improve the profitability of development projects, export incentives for aggregators and access to long-term loans to finance distributors' development programs.
Aufaitmaroc.com
Published November 1, 2012.
Posted online November 1, 2012.
In its 2013 Finance Bill (PLF), presented by the Kingdom's finance minister to both houses of parliament, the government emphasizes the revitalization of industrial investment, through the accelerated implementation of the "Emergence" strategy and the development of new high-value-added industrial sectors, the development of industrial subcontracting, technology transfer and industrial integration.
50 billion dirhams
The government is committed to accelerating the implementation of one of the main axes of the National Pact for Industrial Emergence, covering the period 2009-2015, which notably provides for the realization of more than 50 billion dirhams of investments, based on the development of Moroccan World Crafts (MMM).
The government thus advocates the consolidation of job creation in high value-added sectors such as offshoring, automotive, aeronautics and space, electronics and textiles.
Offshoring
Offshoring, which generated a significant increase in jobs created, with 52,000 in 2011 compared to 23,000 in 2007, represents one of the essential components of the implementation of the "Emergence" plan. Of the six Integrated Industrial Platforms (P2I) dedicated to offshoring planned by the "Emergence" pact, five are under construction or expansion, namely Casanearshore, Rabat Technopolis, Fes Shore, Tetouan Shore and Oujda Shore.
Automotive Industry
To support the development of the automotive sector, the government announces the forthcoming creation of two integrated platforms dedicated to this sector with free zone status. The first, located in Kenitra, should ultimately generate 12 billion dirhams of investment and create 30,000 jobs. Its first phase has been delivered and is currently attracting prestigious groups in the automotive subcontracting sector. Work on the second phase should be completed in 2015.
400,000 units/year
The second platform, "Tanger Automotive City", whose construction work was launched on February 9, 2012, under the chairmanship of the King, is a major component for the emergence of an integrated automotive industry in Morocco. The completion of the extension of this complex is scheduled for 2014, with the aim of ultimately raising production to 400,000 units per year, 90% of which will be destined for export.
Aeronautics
The aeronautics and space industry sector is an important component of the Emergence plan. The government thus announces the scheduled delivery of the first phase of the development work on the Nouaceur platform during the second quarter of 2013, in order to consolidate the sector's exports, which amounted to 5.3 billion dirhams in 2011, and jobs, which amounted to 8,000.
Electronics
In the electronics sector, the PLF advocates the continuation of the creation of five districts dedicated to electronics within integrated platforms, with the aim of achieving an additional 2.5 billion dirhams of GDP and creating 9,000 direct jobs by 2015.
Textiles
Regarding textiles, the government undertakes in its PLF to continue financing new investment projects such as the Finishing, Printing and Dyeing (FIT) sector and to promote support for the emergence of three business models within the textile business fabric: aggregators, distributors and converters.
Support for these categories takes the form of financial aid for distributors and converters to improve the profitability of development projects, export incentives for aggregators and access to long-term loans to finance distributors' development programs.
Aufaitmaroc.com
Published November 1, 2012.
Posted online November 1, 2012.
