moroccan pm reviews governments executive program before parliament
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

To attract more investments

Moroccan PM reviews government's executive program before Parliament

Arab Today, arab today

Arab Today, arab today Moroccan PM reviews government's executive program before Parliament

Moroccan Prime Minister Saad Eddin Othmani
Rabat - Arab Today

Moroccan Prime Minister Saad Eddin Othmani reviewed the details of the Executive Program 2016-2021, which aims to put the Moroccan economy among the 50 most attractive countries for investment and among the emerging countries that adopt industrialization, diversification of sources of income, scientific research and technology. The Government is trying to achieve growth rates of 4.5 to 5.5 per cent, a budget deficit of less than 3 per cent, inflation of less than 2 per cent and unemployment of less than 8.5 per cent.
 
The program supports the democratic option, enshrines the principles of human rights as well as reforming the methods of housekeeping, improving the services provided to citizens, adopting the digital courts to improve the quality and fairness of the judiciary, in addition to developing the model of the Moroccan economy, reducing youth unemployment and caring for the elderly and the widows. Through the promotion of human development programs.

Othmani did not reveal the financial cost to achieve these goals, but he hinted to continue liberal approach to the economy relying on domestic and foreign investment, and the support of the private sector. He said that in the past years, Morocco has been able to increase the capacity of its economic system, which is resistant to crises, and has gained experience in the automotive, aircraft, telecommunications, financial, production, service and renewable energy sectors.

He indicated that the government is working to improve the business climate by liberalizing companies from tangled administrative constraints, providing a competitive climate for investment and innovation to improve resources and income, and adding more job opportunities to youth to reduce unemployment from 10 to 8.5 per cent.

The Prime Minister did not disclose further details, pointing out that the government will support projects of youth initiatives in the establishment of private companies, and keep pace with 2000 small companies, including 500 leading companies. It will also create a financial incentive system for new and emerging industrial companies investing in promising sectors.

He promised to adopt a new investment charter that would replace the current system of the mid-1990s, adopt a new system of banking institutions and introduce alternative financing systems in the framework of participatory finance (Islamic), with the aim of increasing savings rates and diversifying the financing mechanisms, which helps in the development of financial institutions.

Morocco aspires to be an international player at the economic level in the coming decade through increasing export competitiveness, diversification of production areas, modernization of management and rehabilitation methods and reliance on the human element. Future projects include building more factories for cars, aircraft, high-speed trains, renewable energies and food industries, as well as mainstreaming technology into daily and administrative life by 2020.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

moroccan pm reviews governments executive program before parliament moroccan pm reviews governments executive program before parliament

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

moroccan pm reviews governments executive program before parliament moroccan pm reviews governments executive program before parliament

 



GMT 05:50 2017 Tuesday ,15 August

20 killed in Takhar funeral attack

GMT 04:51 2017 Thursday ,13 April

Huda Kattan among top 10 beauty influencers

GMT 09:44 2018 Saturday ,06 January

Aoun to deliver speech in Rome this afternoon

GMT 09:14 2017 Saturday ,30 December

London stocks end year on record high

GMT 11:47 2017 Monday ,11 December

France's rightwing shifts after Macron victory

GMT 04:49 2013 Monday ,27 May

Feng Shui living room concepts

GMT 19:45 2017 Wednesday ,18 January

The UAE Releases Global State of the Future Report

GMT 23:40 2017 Wednesday ,18 October

OIC condemns terrorist attack in Jeddah

GMT 16:41 2017 Saturday ,18 February

FBMA International Show Jumping Cup 2017 competition

GMT 17:43 2017 Tuesday ,14 February

Spanish activists taken to court over BDS activism

GMT 21:37 2017 Sunday ,02 July

Religious tourism lottery to be held on Monday

GMT 15:27 2017 Saturday ,24 June

US imposes ban on fresh Brazil beef imports

GMT 06:07 2017 Tuesday ,24 October

Air Force set to create new ISR unit with Global Hawk

GMT 03:49 2017 Thursday ,22 June

Dalai Lama says will visit Trump

GMT 03:52 2017 Sunday ,15 January

Drydocks World and GDRFA sign MoU partnership
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday