Sekkouri: Safi province should benefit from territory-based regime for investment support

SAFI - Morocco’s minister of economic inclusion, small enterprise, employment and skills said Wednesday that the Safi province should benefit from the territory-based regime for investment support provided for by the future investment charter.

Younes Sekkouri said during the first edition of the “Safi Investor Day”, which was held in the coastal city of Safi, that a specific mechanism for very small businesses, on which the government has been working for almost seven months, was being finalized and would target the Safi province.

“We have prepared a new investment charter which will be subject to an accelerated legislative process, and which provides for a general regime for investment support and a regime based on territories,” said the minister.

“The idea is to promote, with additional bonuses, territories that are not exposed to investments in an easy way. I personally believe that the province of Safi should be part of it as a priority,” he added.

Several investors from across Morocco took part in the event which was organized by the by the Marrakech-Safi Regional Investment Centre (CRI) as part of its strategy to develop of the socio-economic fabric of the Marrakech-Safi province and emphasise its economic attractiveness and investment opportunities in several sectors, including tourism, fishing and water sports.

Hanane Boujarmoune, director of the CRI branch in Safi, highlighted the province’s infrastructures that meet international standards and the abundant young qualified labour that could lure investors to the region.

Karim Kassi Lahlou, the wali of Marrakech-Safi region, said that the Safi province was a true example of resilience” in the post-coronavirus pandemic recovery

“Digitalization is of vital importance and its contribution to entrepreneurship is beneficial, in particular that several activities will vanish in the near future, giving way to many others that will emerge,” said Lahlou.

A Memorandum of Understanding was signed between the wilaya of Marrakech-Safi, the CRI of Marrakech-Safi, the province of Safi and the Urban Agency of Safi-Youssoufia to launch the process of creating an industrial zone in the commune of Khatazakane.

The municipality of Safi and the CRI of Marrakech-Safi signed a partnership agreement to stimulate investment and boost the territorial attractiveness of the province.