Tuesday , November 30 2021

Le Matin – Draft Strategy to Promote Private Investments



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The government is working on a strategy to promote private investment in the arena. The purpose is to accelerate their development in production,
productivity, export and value added.

The Archangel Tree is promised a new start. The government works on a private promotion promotion strategy to accelerate the development of this sector, in terms of production, productivity, export and added value. The design of this disguise, which should be completed until 2019, is introduced by the Ministry of Agriculture in cooperation with the National Agency for the Development of Oasis and Argan Areas (Andzoa). "Morocco has made great efforts to improve the investment environment in this sector, especially within the Green Morocco plan … But the sector presents an important development that needed significant innovations and investments to strengthen the impact , which has been initiated for many years by the cooperative sector of the sector, emphasizes the top management of Andzoa.
Morocco makes between 4,000 and 5,000 tons of arganoal a year, almost a third of which is exported. "At the end of 2016, export of argan oil to 298.5 million dirhams, sold 1,387 tons in the international market, while the year 2000 did not amount to 36 tons", the agency estimates.

As a emerging sector, the argan tree has gained a great leap since drawing of a program agreement between the government and the intervention in 2012. The country aims to duplicate its production to reach 10,000 tons per year by 2020- 2022, with a strong added value for the production areas. In addition, local people benefit little. According to Ando, ​​despite the structural development, domestic products have added a small proportion of value (almost 17% of the value added to export). The perspectives are promoting. Following the rehabilitation of 101,487 hectares between 2012 and 2017, Morocco launched a project on March 10 in a 10,000 hectare arganhout in eight provinces and prefectures in Souss-Massa, Marrakech-Safi and Guelmim -Of course.
The total cost of this project is $ 49.2 million (about 451 million dollars), funded by the Green Climate Fund for US $ 39.3 million, with Morocco co-financing $ 9.9 million. In addition, the world market for argan oil by 2022 expected to expand 20% in individual growth to get 600 million euros against a little over $ 100 million in 2014 (US Grand Vie Research). Therefore, the need for a strategy to promote private investment for this sector. To this end, the Ministry of Agriculture and Andzo for making a study for the development of this strategy will also become an aromatic and medical plant.

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