Six Billion Dirhams to Boost Southern Morocco: An Investment Creating 10,500 Direct Jobs
31 March 2015
Read by 1936 persons
The General Confederation of Moroccan Enterprises (CGEM) has brought together more than a dozen private entrepreneurs who will inject over six billion dirhams in investments in the coming months in the three southern regions.
From Guelmim to Dakhla, including Tan-Tan, Laayoune, Boujdour and other southern cities, the time for economic takeoff has arrived in this part of the Kingdom. A major step was taken last Saturday at the Palais des Congrès during the Investment Forum organized by the CGEM with the support of the Ministry of the Interior, local authorities and elected officials.
According to data provided by Miriem Bensalah-Chakroun, president of the CGEM, at the opening of this Forum, six billion dirhams will be invested in the three regions of the Kingdom by more than 40 Moroccan and foreign private operators, creating more than 10,500 direct jobs and thousands of indirect jobs.
More than sixty projects will be launched in various sectors including agro-industry, transport, commerce and distribution, industry, fisheries, health and services, with the tourism and real estate sectors dominating, accounting for more than 2.7 billion dirhams and 6,000 direct jobs. Regarding the geographical distribution of these projects, which constitute a real roadmap for the development of this part of the Kingdom, the Laayoune-Boujdour-Sakia El Hamra region has whetted the appetite of investors with more than 37 projects totaling 3.2 billion dirhams, followed by Guelmim-Smara with 2.1 billion dirhams of investment, and more than 730 million dirhams for Oued Eddahab-Lagouira, the latter relying on its proximity to Mauritania to open up to the African continent.
According to Ms. Bensalah, this initiative funded and led by the CGEM reaffirms the commitment and willingness to work for the harmonious and sustainable socio-economic development of our southern provinces, creating jobs and wealth for the inhabitants of the southern provinces, as wished by HM King Mohammed VI.
The Confederation also produced a monograph on the economic and social fabric of the region, which helped identify the strengths and weaknesses of the local economy. At this forum, which was attended by Mohamed Hassad, Minister of the Interior, and Charki Driss, Delegate Minister of the Interior, the CGEM signed partnerships with the OFPPT, Microsoft Morocco, Injaz Al Maghrib and the Phosboucraa Foundation of OCP, focusing on the implementation of free training programs to improve access to employment for local youth.
Thanks to this initiative, major national economic operators are now present in the south of the Kingdom, including, for example, Addoha, which plans to build more than 5,000 housing units in Laayoune, and the Anouar Invest group, which plans to create its own cement plant in Laayoune for 300 million dirhams.
Mohamed Laabid.
Aujourdhui.ma
Published March 30, 2015.
Posted online March 31, 2015.
From Guelmim to Dakhla, including Tan-Tan, Laayoune, Boujdour and other southern cities, the time for economic takeoff has arrived in this part of the Kingdom. A major step was taken last Saturday at the Palais des Congrès during the Investment Forum organized by the CGEM with the support of the Ministry of the Interior, local authorities and elected officials.
According to data provided by Miriem Bensalah-Chakroun, president of the CGEM, at the opening of this Forum, six billion dirhams will be invested in the three regions of the Kingdom by more than 40 Moroccan and foreign private operators, creating more than 10,500 direct jobs and thousands of indirect jobs.
More than sixty projects will be launched in various sectors including agro-industry, transport, commerce and distribution, industry, fisheries, health and services, with the tourism and real estate sectors dominating, accounting for more than 2.7 billion dirhams and 6,000 direct jobs. Regarding the geographical distribution of these projects, which constitute a real roadmap for the development of this part of the Kingdom, the Laayoune-Boujdour-Sakia El Hamra region has whetted the appetite of investors with more than 37 projects totaling 3.2 billion dirhams, followed by Guelmim-Smara with 2.1 billion dirhams of investment, and more than 730 million dirhams for Oued Eddahab-Lagouira, the latter relying on its proximity to Mauritania to open up to the African continent.
According to Ms. Bensalah, this initiative funded and led by the CGEM reaffirms the commitment and willingness to work for the harmonious and sustainable socio-economic development of our southern provinces, creating jobs and wealth for the inhabitants of the southern provinces, as wished by HM King Mohammed VI.
The Confederation also produced a monograph on the economic and social fabric of the region, which helped identify the strengths and weaknesses of the local economy. At this forum, which was attended by Mohamed Hassad, Minister of the Interior, and Charki Driss, Delegate Minister of the Interior, the CGEM signed partnerships with the OFPPT, Microsoft Morocco, Injaz Al Maghrib and the Phosboucraa Foundation of OCP, focusing on the implementation of free training programs to improve access to employment for local youth.
Thanks to this initiative, major national economic operators are now present in the south of the Kingdom, including, for example, Addoha, which plans to build more than 5,000 housing units in Laayoune, and the Anouar Invest group, which plans to create its own cement plant in Laayoune for 300 million dirhams.
Mohamed Laabid.
Aujourdhui.ma
Published March 30, 2015.
Posted online March 31, 2015.
