Ten investment agreements in the Fez-Meknes region were signed, Wednesday, May 18, 2022, in Fez, by the Minister of Industry and Trade, Ryad Mezzour, with local industrial operators, for an amount of 160 million dirhams and generating nearly 520 direct jobs.
Registered in the bank of projects launched by the Ministry of Industry and Trade, these new investments aim to strengthen the fabric of SMEs in the region and the industrial sovereignty of the Kingdom. Supported within the framework of programs such as Istitmar PME and Tatwir Croissance verte, these projects relate to six strategic industrial sectors: chemicals and parachemicals, textiles and clothing, building materials, electrical and electronics, automotive and renewable energies.
“The industrial sovereignty of our country inevitably passes through the SME. These new projects, which we have supported and monitored, are indicative of this. They provide tangible proof of the important role played by SMEs as a vector of regional industrial development and a strong link in its economic dynamics,” said Ryad Mezzour.
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And to emphasize that Fez-Meknes is the 5th national region in terms of projects supported by the Ministry’s Sovereignty Task Force. “Today we have 81 investment projects in this region, 75% of which are financed by Moroccan capital. This represents 5,536 direct jobs and a substitution potential for imports of 2.5 billion dirhams and export at 1.574 billion dirhams.
The region of Fez-Meknes confirms its dynamics through the diversity of the industrial sectors which are developing there, thus attesting to its place as an economic pole that creates wealth and employment. Five of the ten investment projects relate to the chemical, plastics and cardboard paper sectors and relate, among other things, to the construction or extension of production units.
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