During this first half of 2016, the CRI-SM investment balance sheet recorded an increase of around 8% compared to the same period of 2015 with more than one and a half billion investments committed and nearly 3,160 jobs to be created. 50% of these investments were made by the Tourism sector, one of the major levers of the local and regional economy. The sector is the largest employer in the region. With upcoming projects: 755 million DH to commit and 1,400 jobs to create.
During this first half of 2016, the CRI-SM investment balance sheet recorded an increase of around 8% compared to the same period of 2015 with more than one and a half billion investments committed and nearly 3,160 jobs to be created. 50% of these investments were made by the Tourism sector, one of the major levers of the local and regional economy. The sector is the largest employer in the region. With upcoming projects: 755 million DH to be committed and 1,400 jobs to be created.
A new breath of dynamism of investments and unblocking of numerous projects has blown in Agadir, since the appointment of Mrs. Zineb El Adaoui, wali of Souss Massa. IN fact, this is a good step forward in the process of regional economic development. Mrs. Wali will say on this occasion about the results of the CRI:
“Through this meeting, we want to establish a regular and plural evaluation and monitoring system and take stock of the progress of our work concerning the start-up and implementation of projects validated by our various investment commissions.
Establishing a control and monitoring system is one of the best approaches to openness and continuous improvement that we can adopt. An approach that we hope will allow us to see clearly and decide on the actions and recommendations to undertake to promote investments in the region. »
This investment dynamic, supervised by good field monitoring, by CRI SM, at its head Khalil Nazih, supported by experienced and efficient staff, has given a good result. It is also the result of the will of several actors and leaders of national and foreign projects but also of a strong involvement of Moroccans residing abroad, who were behind the opening and start-up of several projects and local initiatives generating added value and jobs.
Namely important projects such
the project to develop an Aquapark in the center of Anza, presented by the company “ASSETS REAL ESTATE DEVELOPMENT MAROC” with a total investment of 25 million euros. The Project to create an “Agadir Land” amusement and leisure park in Agadir. This project will require an investment of 192 million DH, and will allow the creation of 750 direct jobs.
The long-awaited project for years: “Agadir City Center”. Promoter: Exhibition Center and Development Company. Investment amount: 1.45 billion DH. Jobs: 720 direct and 3,500 indirect (construction sites). Area: 8.08 ha Land Status: Private Land / CU Agadir. Components: Convention center, Business center, Shopping center, Cinema halls.
“Our country launched on July 4, 2016, under the presidency and enlightened leadership of HM King Mohammed VI, May God help him, the new investment reform plan, with flagship measures to support investment: (tax exemption for creation and export, development of free zones, and establishment of reinforced support for the least favored Regions). The objective is to ensure an economic environment favorable to productive investment and to guarantee healthy and sustainable growth. This reform requires us to carry out analysis and proposals to make our region an economic center attractive to the investments expected by Morocco.
Improving the business and investment climate is not only a question of financial resources, it is, increasingly, a matter of the qualitative level of the institutions which monitor and support it, and above all their ability and availability to provide a quality service.
Investment at the regional level still suffers from the slowness and cumbersomeness of administrative procedures, the multiplicity of stakeholders, the difficulty of access to land, and the speculative regime which still favors certain sectors.
The first objective to be outlined, today, consists of proposing simplification measures in order to lighten administrative procedures as part of an integrated vision of investment between the central administration and the regional administration, in accordance with the spirit of the Royal Letter relating to decentralized investment management,” Ms. El Adaoui brilliantly clarified in her introductory speech.
Support measures for the success of investments and the release of certain projects will encourage investors to complete projects within the planned deadlines; with the establishment of a monitoring committee chaired by Madam Wali including the stakeholders in the act of execution and implementation of the projects: Wilaya, CRI-SM, Commune, AUA, RAMSA, ONEE, ABH… The establishment of a site monitoring team. The inventory and control of procedures linked to the act of investing: gubernatorail decree to set the number and deadline for execution of procedures. The Creation of the Investors Club.
In summary, as expressed by the various speakers, a new wind is blowing in Agadir, with this conclusive approach of consultation, analysis of problems and making the necessary decisions. The meeting saw the presence of the President of the Region, the President of the Prefectural Council of Agadir Idaoutanane, the President of the Urban Commune of Agadir, representatives of chambers and professional groups, external services as well as economic operators in the region. Very good continuation in this new participatory dynamic of all stakeholders and operators with a view to relaunching the long-awaited regional economic and social development.
It remains to be noted, however, that certain projects have been unblocked for too long, and have been for years, concerning the hotel industry but also concerning tourism in general. This is the case of the Ait Lamine hot spring 7 km from Agadir, the project of which was launched in 1990; but blocked two years later by local elected officials who had understood nothing about the investment in a spa resort, the first of its kind in Morocco, juxtaposing the country’s leading seaside destination. A beautiful, unfortunate record in terms of investment blocking which has lasted for 25 years. You have to experience it to believe it…
source: thrmagazine
