- 11:04Supreme Court backs Trump policy on third country deportations
- 10:50Orlando Pirates appoint Abdeslam Ouaddou as new head coach
- 10:33Ceasefire between Israel and Iran uncertain as attacks persist
- 10:20Spain secures NATO exemption from 5% defence spending target
- 10:03Cuomo seeks redemption as Mamdani challenges party norms in NYC mayoral primary
- 09:50Mawazine 2025: Rabat gears up for a night of global rhythms
- 09:32Morocco Strengthens Strategic Defense Ties in Africa
- 09:20Qatar condemns Iranian missile strike on US airbase, summons ambassador
- 08:50Morocco highlights economic leadership at US-Africa Business Summit in Angola
Follow us on Facebook
Morocco Allocates 18,000 Hectares for 2024 Development Projects
Morocco has designated approximately 18,000 hectares of public land for investment initiatives in 2024. The projects aim to bolster sectors critical to the nation’s growth, including renewable energy, tourism, and housing.
Nadia Fettah, Minister of Economy and Finance, addressed the House of Councillors on Tuesday, emphasizing the strategic significance of these allocations. She highlighted that the initiative will support 152 projects, representing a total investment of nearly MAD 19 billion ($1 billion).
Key allocations include:
Energy: 15,000 hectares have been earmarked to advance Morocco’s renewable energy ambitions.
Tourism: 84 hectares will be used to enhance this vital economic sector.
Handicrafts: 56 hectares are allocated to preserving cultural and economic heritage.
Housing: 64 hectares will address urbanization challenges.
Agriculture: Over 1,000 hectares are designated for agricultural development.
Public Administration: 322 hectares are reserved for government infrastructure.
The government is prioritizing balanced regional development and equity in investment planning, aligning with the principles of Morocco’s Investment Charter. The initiative also includes issuing land titles for 349,000 hectares, a move designed to improve transparency and streamline the management of state-owned land.
Fettah stressed the importance of regional equity, ensuring that investment opportunities are distributed fairly across all areas. The ultimate goal is to foster inclusive growth while addressing national priorities in healthcare, education, and infrastructure.
This strategic approach positions Morocco as an increasingly competitive destination for investment while supporting sustainable development across the nation.
Comments (0)