Moroccan Govt Approves MAD 155 Billion Investments to Create 4k Direct

Rabat – The Inter-Ministerial Committee for Investment approved, on Wednesday, thirty-two investment draft agreements for an amount of 15.5 billion dirhams.These investments are expected to generate over 4,000 direct and stable jobs, said economy and finance minister Mohamed Boussaid in a statement to the press before the committee’s meeting, held in Rabat under the chairmanship of head of government Abdelilah Benkirane.The industry sector has the biggest share which is 11.76 billion dirhams, said Boussaid, underlining that this is a qualitative transformation brought about by the national industrial development policy. The 2015 appropriation bill provides for measures to boost investment, mainly reducing, from 250 to 100 million dirhams, the threshold of investment meant for purchasing importation equipment and material benefiting from tax exemption, and extending the deadline, from 24 to 36 months, of tax exemption on value added in relation with the acquisition of investment goods at the domestic level and for importation, he said.The Inter-Ministerial Committee for Investment had approved, in 2013, forty investment draft agreements for an amount of 42 billion dirhams. read more