Focused on the automotive industry and logistics, which is the main economic driver of the Tangier Tetouan Al Hoceima region, this meeting was marked by the participation of Nadia FETTAH ALAOUI, Minister of Economy and Finance and Mohamed Karim MOUNIR, President of the BCP group.
During his opening speech, the Chairman underlined the importance of this dynamic region in the Group’s activity as well as in the Kingdom’s economy. He also recalled the historical role played by the Group in the economic development of the country, through the support provided to companies and project leaders in the regions.
The President also encouraged customers to remain confident about the potential that abounds in our country as well as its strong capacity for resilience in the face of various hazards. He ended his speech by expressing his heartfelt thanks to all the public and private partners, whose participation made this unprecedented initiative a resounding success.
Subsequently, Jalil SEBTI, General Manager of the Commercial Bank, gave a progress report on this tour, emphasizing the role of the platform made available to companies through this tour in promoting investment in regions. Since their launch, the Régionales de l’Investissement have made it possible to reach some 4,800 companies, in addition to those who have benefited from personalized support. These meetings also made it possible to identify an investment potential of 20 billion dirhams with 11 billion dirhams of financing needs, a considerable part of which has been granted.
Of the financing granted, 13% concerns green financing and 51% industrial projects. SEBTI also underlined the importance of the Tangier region in this system, with more than 800 million dirhams awaiting implementation.
The Regional Investments hosted the signing of fourteen national and regional partnerships in various fields, aimed at supporting companies in the realization of their projects.
For her part, Minister Nadia FETTAH ALAOUI began by welcoming the relevance of this roadshow, which combines two economically strong concepts: investment and regions. She also reassured the participants about the economic prospects of the Kingdom, in a global context marked by a (widespread) economic slowdown.
“The crisis has shown us that the economic choices made by Morocco for 20 years under the enlightened vision of HM the King were the right choices,” she continued. Morocco has indeed, through the New Development Model, a long-term trajectory with clear orientations, as well as a diversified economy. It has also chosen to strengthen its investments in infrastructure, and to acquire a very strong financial sector, which has enabled it to show great resilience in the face of crises.
If agriculture has, in recent years, experienced a sharp decline, in particular due to historic levels of drought, other sectors, such as industry, services and trade have made it possible to recover jobs. “Morocco has an economic growth that is doing well, and this is reflected in exports,” she said. And in this context, the management of successive crises is recognized as exemplary by the international community, which allows us to benefit from great confidence on the part of international partners, whether public or private.