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Thursday, November 15, 2018
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The southern provinces of the Kingdom offer very attractive investment and business climate

The southern provinces of the Kingdom offer a very attractive investment and business climate thanks to a strong political will that aims to make it an example of regional and sustainable development, said Saturday in Laayoune, the Secretary of State in charge of Foreign Trade, Rkia Derham.


The regions of southern Morocco have undergone a significant evolution under the leadership of HM King Mohammed VI and a qualitative leap in favor of the new model of development of the southern provinces, launched in 2015 by the Sovereign, said Rkia Derham during of the Morocco-France Business Forum which is held November 2 to 4 in Laayoune.


She noted on this occasion that the Laayoune Sakia-El Hamra region, by virtue of its strategic geographical position as a gateway to Africa, its natural resources, its infrastructure, and its regional development plan 2017- 2022, is an economic space with many investment and business opportunities and offers very promising development potential that should be harnessed.


It is important for Morocco and France to capitalize on the strengths of this region by stepping up efforts to increase the volume of business investment from both countries and achieve the objectives of regional development programs, she insisted.


The Secretary of State for Commerce also noted that the Laayoune Sakia-El Hamra region is fully committed to the work of advanced regionalization as an institutional framework for the new model of development of the southern provinces, noting that in order to speed up the implementation of this project, the Government attaches great importance to the process of administrative deconcentration and is working to ensure all the necessary conditions for the implementation of public policies at territorial level following a comprehensive approach.


It also ensured that all the sectors represented at this Forum (agriculture, construction, renewable energies, mines, logistics, sea fishing, health ...) have national strategies that allow investors to have a high visibility and solid foundations for sustainable development, while being convinced that this event offers an opportunity for both Moroccan and French economic operators to become acquainted with the region's development strategy and the degree of implementation by the region of national sector strategies.


Laâyoune Sakia El Hamra Regional Development Plan presents a portfolio of 140 projects offering business opportunities to all categories of companies.


With a budget of 49 billion dirhams (MMDH), this plan aims by 2021, the reduction of the unemployment rate to 9%,  creation of 25,000 jobs, and 6 MMDH of private investment .


-News on Western Sahara / Corcas-

 

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