2024-02-14 12:00:46
According to the region’s CRI, this remarkable investment dynamic and the favorable business climate of Tangier-Tetouan-Al Hoceima reaffirm the vigor and maturity of the regional investment ecosystem.
The investment dynamic is in full swing in the Tangier-Tétouan-Al Hoceima region. The performance was there for the year 2023. This is confirmed by the region’s Regional Investment Center in a recent communication. The Center indeed draws up an “exceptional assessment”.
This is materialized by the approval of 73 billion dirhams of investment during the year by the Unified Regional Commission (CRUI) of the Tangier-Tetouan-Al Hoceima region. Projects which should help create 70,000 stable jobs in the long term. “This remarkable investment dynamic and the favorable business climate in our region reaffirm the vigor and maturity of our regional investment ecosystem,” notes the CRI. And to continue: “At the heart of this growth, we are determined more than ever to continue to propel project and expansion ideas in our region towards new horizons and global markets.”
In detail, 972 acts were investigated by the Commission. Of this total, 709 acts were approved by the CRUI, or 73% of the projects examined. The evolution of the share of acts favorably examined by the CRUI Tangier-Tétouan-Al Hoceima shows an increase of 11 points over the period 2021-2023. As for the number of approved acts, it increased by 131% from 2021 to 2023 and by 39.5% between 2022 and 2023. As for the approved investment amounts, they increased by 41 % compared to the previous year, increasing from 52 billion to 73.4 billion dirhams in 2023. The number of jobs projected by approved investment projects increased by 20.6% compared to the same period. of the previous year. It should be noted that Tangier-Tétouan-Al Hoceima comes as the second region in terms of business creation.
It alone holds 14.7% of the national total as of November 30, 2023, or 12,715 new entities created. The breakdown of the number of companies created by sector of activity reveals a proportion of 44.8% for commerce compared to 17.3% for various services and 12% for construction and real estate activities. Transport represents 9% of creations compared to 8.3% for industries, 4.8% for hotels and restaurants and 3.8% for other activities. As a reminder, 44 investment agreement projects were approved by the CRUI, representing a total amount of 18 billion dirhams and a forecast of 10,200 stable jobs in the long term.
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