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Despite the international crisis, investments continue to rise in all sectors in Morocco, Minister of Industry, Trade and New Technologies, Ahmed Reda Chami said on Monday.

Speaking during a programme aired on Morocco's 2M TV, Chami said "investments continue to take place and they posted a rise compared to last year."

"There are more Moroccan investments than foreign ones," and Morocco "is a welcoming country that offers competitivity to foreign investors," Chami said.

Morocco will continue to be a "low-cost" platform for foreign investments, regretted that "because of the crisis, some foreign investors decided to put off their investments."

He said: "Morocco aims to enlarge its foreign investments," and that the recently created Moroccan Agency for Investments Development (AMDI) will have representations abroad, notably in the USA, and Asia.

Morocco will also continue "to be interested in European countries," "especially those which are not hit by the crisis," such as Germany, he said.

The Moroccan official recalled the aims of the emergency plan II, saying the plan focuses on "Morocco's world jobs," i.e. the fields where Morocco holds competitive advantages, notably offshoring, automobile industry, aeronautics and electronics.

Within the framework of this programme, the minister said, the government is in the process of creating 22 integrated industrial platforms (known as P2I), numerous "host sites" for investors, and plans the creation of 220,000 new jobs by 2015.


By CMC