Ouahbi: Royal supreme speech will constitute an action roadmap for the constitutional institution in upcoming phase

PAM Secretary General Mr. Abdellatif Ouahbi has praised the contents of the royal speech in front of MPs, on the opening of the first session of the second legislative year of the 11th legislative mandate at the Parliament, stating that the royal supreme speech will constitute an action roadmap for the constitutional institution in the upcoming phase.

Mr. Ouahbi said in an allocution made during a meeting held last Friday, October 14, 2022, with Politburo members and MPs from both houses that His Majesty King Mohammed VI speech has focused on two major issues, the first one concerns the scarcity of water and drought witnessed by Morocco, while the second one is about the necessity to achieve a quantum leap in advancing investments.

PAM Secretary General added that His Majesty King Mohammed VI is giving great priority to water security, which is a commitment embodied by the Moroccan Kingdom through the launching of many leading programs aimed at preserving water through the construction of dams which represent a primordial importance for the Kingdom; highlighting that some of the conclusions from the new development model have raised the issue of water and has shown that Morocco will witness a big hydric pressure, due to climate changes, so that Morocco will move from water shortage to water scarcity.

Mr. Ouahbi has pointed out that investment has enjoyed an important part in the royal speech, out of consideration that Morocco is betting on productive investment and its integration in productive sectors, confirming that the Moroccan Kingdom has made ambitious efforts to improve investment climate, with the goal of diversifying economy and create more job opportunities of high quality, thanks to supreme royal instructions.

Mr. Ouahbi said that investment charter presents a coherent and unified framework, in addition that it orients investments towards the state’s strategic priorities and proposes strong incentive measures; praising the great ambition in liberating complete private investments means at the national level, within the context of a fierce international competition to attract investments.

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