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41 investment projects worth 5,530 MDH approved in Morocco’s Laâyoune-Sakia El Hamra


Devdiscourse News Desk Rabat
Updated: 09-08-2019 16:50 IST
41 investment projects worth 5,530 MDH approved in Morocco’s Laâyoune-Sakia El Hamra

The source also cited that around 111 projects worth over 14,472 MDH or USD 1.5 billion were approved in 2018 by the Regional Investment Centre of Laâyoune-Sakia El Hamra. Image Credit: Pixabay

The Regional Investment Center of Laâyoune-Sakia El Hamra, one of the twelve regions of Morocco, has approved 41 investment projects during the first semester of 2019.

According to the data provided by Laâyoune-Sakia El Hamra's Regional Investment Center, the promoters estimate at about 5,530.62 million dirhams (MDH) or USD 579 million the total amount of these investments. Three of the 41 projects approved by the commission exceed the amount of 100 million dirhams.

These projects are dedicated to trade (17), construction & public works (12), tourism (5), industry (4), services (2) and energy and mining (1). According to The North Africa Post, three of these investment projects will be carried out in the city of Laayoune for USD 10 million.

The source also cited that around 111 projects worth over 14,472 MDH or USD 1.5 billion were approved in 2018 by the Regional Investment Centre of Laâyoune-Sakia El Hamra. According to the reports, the center or Moroccan government continues its communication strategy through participation in various events and meetings as well as publishing various communication media addressed to domestic and foreign investors.

With an objective to attract more investment including promoting the region's huge untapped potential, the Investment Centre already dealt with a good number of delegations of businessmen, politicians, journalists and researchers from several nations, including France, Spain, Chile, Brazil, Mexico, India, Cameroon and Benin. Even the government officials participated in several events, including seminars, meetings and forums at the regional and national levels.

Also Read: France's Olympique de Marseille to foray into Algeria, Morocco

COUNTRY : Morocco