16/10/2022
On the occasion of the opening of the first session of the second legislative year of the 11th legislature, His Majesty King Mohammed VI, accompanied by HRH Crown Prince Moulay El Hassan, delivered a speech to the Parliament.
On this occasion, His Majesty called for boosting investment and stepping up the fight against water stress. In this regard, a 2020-2027 National Priority Program for Water has been established. During the past two decades, more than 50 large and medium-sized dams have been built, and 20 more are under construction, in accordance with His Majesty’s commitment to the policy of building dams. Moreover, His Majesty King Mohammed VI called on to expedite the completion of the construction of planned dams, the development of hydraulic interconnections and the construction of seawater desalination plants, as well as the implementation of a stronger water efficiency policy, especially in the area of irrigation.
Regarding the question of investment, His Majesty is expecting that the new investment charter to significantly enhance Morocco's attractiveness as far as both domestic and foreign investment is concerned. In order to boost investor confidence in Morocco as a destination for profitable investment, His Majesty called “for the rules of fair competition to be enhanced and for arbitration and mediation mechanisms to be resorted to in order to settle disputes in this area.”
In His speech, the King called to “pay particular attention to the investments made and the initiatives undertaken by the members of the Moroccan community abroad”. Noting that “the national banking and financial sector is expected to support and finance the new generation of investors and businesspeople, especially youths and small and medium enterprises.”
Finally, His Majesty the King instructed the Government to develop with private stakeholders a national investment contract scheme aiming to raise 550 billion dirhams for investment, and create 500,000 jobs between 2022 and 2026.