The Government has launched a new strategy for accelerating the Moroccan Industry. This newly developed strategy, which was presented to the Moroccan King, Mohammed VI, in Casablanca, aims mainly at “increasing the cadence of the Moroccan Industrialization” Said Moulay Hafid Elalamy, the Moroccan Minister of Industry, Trade, Investment and Digital Economy.
To achieve this goal, an Industrial Development Fund (IDF) will be created, with a budget of 20 billion dirhams ($ 2.5 billion). This support fund, with such interesting budget that had never been mobilized before, will allow the industrial sector “to consolidate, modernize and develop its ability to substitute its imports” According to Moulay Hafid Elalamy.
Worth mentioning that since 2005, Morocco’s industrial policies have been focusing solely on the “Emergence Plan” that was reinforced in 2009 by the “Pact for Industrial Emergence”.
The Moroccan Times
