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Empowering Investment: The Transformative Role of Mediation in Morocco's Economic Landscape
In a recent conference held in Fez, the pivotal role of mediation in dispute resolution and business facilitation within Morocco took center stage. The event shed light on how institutional mediation, spearheaded by Morocco's Ombudsman, serves as a catalyst for increased investment by fostering enhanced governance, transparency, and an overall conducive business environment.
Mohamed Benalilou, the Ombudsman of Morocco, set the tone for the conference by highlighting the pivotal role his office plays, armed with expanded powers, in supporting investment activities across various levels. By championing good governance and requisite transparency, the Ombudsman aims to carve out a competitive space that is not only conducive but also attractive for investments.
Benalilou underscored that his interventions serve to encourage investors and shield them from risks associated with certain administrative practices and behaviors. Furthermore, the Ombudsman actively contributes to resolving investment disputes, providing valuable insights into the institutional mediation process.
The office acts as a facilitator, fostering collaboration between investors and government authorities through effective communication channels. It goes beyond this by presenting proposals and suggestions aimed at enhancing the legal and regulatory framework that supports investors.
Ahmed Ouali El Alami, representing the Public Prosecutor's Office Presidency, emphasized the timeliness of the conference against the backdrop of Morocco's ongoing economic revolution. Notable achievements in economic development, increased competitiveness, and a consolidated business climate were highlighted. This progress is attributed to various measures, including streamlined procedures and a one-stop-shop system facilitated by regional investment centers, thereby encouraging investments in finance and business.
Abderahman EL Lamtouni, the Kingdom's Judicial Agent, took attendees on a journey through Morocco's structural, institutional, and legal reforms since the 1990s. These encompassed reforms in commercial and company laws, the labor code, commercial courts, regional investment centers, and financial policies, all contributing to an improved business environment. Key elements of this strategy include the new investment charter, public procurement reform, and updated competition and pricing laws.
The conference emphasized how mediation amplifies Morocco's pro-investment reforms by efficiently addressing disputes and optimizing governance for the benefit of businesses and citizens alike.