Morocco Invests $1.26 Billion in Vital Sectors to Fight Corona

  • Rabat, Kingdom of Morocco
  • 18 February 2021
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The Investment Committee in Morocco (governmental) has approved 34 investment agreements, with a total value of 11.3 billion dirhams (equals to $1.26 billion), according to the Moroccan Ministry of Trade and Industry.

Prime Minister Saad Eddin El Othmani chaired a meeting of the Investments Committee, devoted to approving 34 investment agreements that would provide 9,319 job opportunities in light of the increasing unemployment rates, especially in light of the Corona pandemic and its impact on various sectors, especially tourism.

The value of investments in the tourism and entertainment sector amounts to 29 percent of the value of investments, followed by the transport and infrastructure sector, and then the education sector in varying proportions. The tourism and entertainment sector is at the forefront in terms of job opportunities, with a total of 1,365 jobs, out of the total opportunities that the approved projects are expected to provide.

Source (Al-Araby Al-Jadeed Newspaper, Edited)