- 17:00Samsung showcases cutting-edge gaming tech at Morocco Gaming Expo 2025
- 16:20Dozens killed at Gaza aid site as children die of malnutrition amid blockade
- 15:50Colombian authorities arrest alleged leader of Italian mafia’s Latin American operations
- 15:36A first in Morocco: E-commerce platforms now accept QR-code mobile payments
- 15:20Russia launches massive aerial assault on Ukraine, kills two in Chernivtsi
- 14:50Putin backs 'zero enrichment' nuclear deal for Iran, urges cooperation with US
- 14:35Nigeria-Morocco gas pipeline: steering committees review progress in Rabat
- 14:20Iran announces shift in cooperation with UN nuclear watchdog
- 13:55High hotel prices push Moroccan expats to vacation in Spain and Portugal
Follow us on Facebook
Enhancing Regional Investment Centers: Morocco Adopts Landmark Legislation
In a pivotal move to bolster the country's investment landscape, the Moroccan government has adopted groundbreaking legislation aimed at reforming and strengthening the Regional Investment Centers (CRIs). The bill, known as Law No. 22.24, amends and supplements Law No. 47-18, which initially paved the way for the reformation of CRIs and the establishment of unified regional investment commissions.
Presenting the legislation at a government council meeting in Rabat, Mohcine Jazouli, the Minister Delegate in charge of Investment, Convergence, and Evaluation of Public Policies, underscored the bill's alignment with the vision of His Majesty King Mohammed VI. The monarch's address on the occasion of the Throne Day in 2018 called for "activating the reform of CRIs by granting them the necessary prerogatives to fulfill their mission correctly," as highlighted by Mustapha Baitas, the Minister Delegate in charge of Relations with Parliament and the government's spokesperson.
The initial reform of CRIs, initiated following the enactment of Law No. 47-18 and its implementing decree, has catalyzed a profound transformation in the territorial approach to investment. This reform has solidified the pivotal role of CRIs as key players in supporting and attracting investment, as well as promoting economic potential and investment opportunities across Morocco's regions, Baitas explained.
Building upon the achievements of the previous reform, the new legislation aims to further reinforce the central role and prerogatives of CRIs. Heeding the monarch's call during the opening of the parliamentary session in October 2022, the reformed CRIs will be entrusted with "supervising the entire investment process and enhancing its efficiency," while also ensuring "better support and guidance services for project developers until their final implementation."
The new reform package introduces several novel elements, including strengthening the governance of CRIs, addressing investor appeals, handling exceptions related to urban planning, and expanding the centers' prerogatives. This comprehensive overhaul underscores Morocco's commitment to fostering a conducive environment for investment, streamlining processes, and empowering regional hubs to drive economic growth and development across the kingdom.