The King of Morocco, Mohamed VI, announced his country’s intention to launch investment projects with a budget of 550 billion dirhams (55 billion dollars), and to provide 500 thousand job opportunities between 2022 and 2026.
In his speech at the beginning of the new legislative session of the Moroccan parliament in the nation’s capital, Rabat, on Friday, the King made the statement.
He called for “strengthening the rules of honorable competition, and activating the arbitration and mediation mechanisms to resolve conflict, in order to strengthen the confidence of investors in the country as an investment destination. ”
“The strategic goal is for the private sector to take the position it deserves in the sphere of investment, as a real engine for the national economy,” King Mohammed VI said.
“The Moroccan King requested that the country’s banking and financial system “help and fund the new generation of investors and contractors, especially young and medium and medium firms.”
In another setting, Mohamed VI made reference to the “tough drought problem” that his nation is enduring, calling it “the most severe in more than three decades.”
He alluded to “Since 1999, Morocco has finished more than 50 dams, with another 20 still under construction.
“”Accelerating the completion of the National Priority Program for Water 2020-2027 projects,” he urged.
The king claims that the programme refers to “finishing the construction of planned dams, inter-water bonding networks, and sea water desalination facilities, as well as advancing the economy’s tendency toward the strategic use of water, particularly for agricultural.
Morocco is attempting to act quickly to lessen the drought and control any detrimental effects of the season’s rains being delayed due to the drought.
The rains of rain this season in the Kingdom is the lowest in 41 years, according to the Moroccan authorities, where the per capita share of water fell to less than 650 cubic meters annually, compared to 2500 in 1960, according to official statistics.
According to a recent assessment by the Economic and Social Council, the amount is anticipated to be less than 500 cubic metres by 2030. (government).
Origin: Anatolia.
Morocco plans to begin billion-dollar investment projects.
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