Souss-Massa: A Project Bank Soon to Target 30 Ecosystems

The future project bank will be made up of 60 identified investment ecosystems, followed by the selection of 30 potential investment ecosystems in promising or emerging sectors, spread across the entire region.

Following the example of other Regional Investment Centers (CRI), the Souss-Massa CRI has just launched a study into the creation of a regional project bank. The aim of this multi-sector project bank, accompanied by feasibility studies, is to provide investors with ideas for profitable projects in the region.

This action is part of the implementation of the new attributions of the CRIs, provided for by law 47-18 creating the CRIs and the Unified Regional Investment Commissions (CRUI). It is also in line with the guidelines of the new Investment Charter, particularly the future strategic alignment of these structures with this reform, which provides for a new governance and management system. According to CRI-Souss-Massa, the idea is to develop an integrated regional offering, involving economic players of different sizes, in order to ensure the sustainability of proposed projects.

Read more about the future project bank to be implemented in Souss-Massa and find the latest economic news from around the world with the Born2Invest mobile app.

Territorial and sectoral distribution

With this in mind, the future project bank will be made up of 60 identified investment ecosystems covering a wide range of promising or emerging business sectors, spread across the entire region.

In detail, the notion of “investment ecosystem”, the subject of this study, corresponds to a number of interconnected projects operating in the same sector, and belonging to the same value chain. According to the CRI, each proposed investment ecosystem must include at least one key structuring project and one related project carried out by a small or medium-sized enterprise. The two projects should be linked by subcontracting, to form an integrated value chain of said investment ecosystems and sub-ecosystems, such as automotive, agrifood, pharmaceuticals, medical devices, domestic industries, green chemistry, building materials, energy capital, extractive industries, tourism, offshoring and digital.

In terms of provincial and sectoral distribution, the aim is to select, within the regional perimeter, at least three projects per province/prefecture and at least five projects per sector of activity. Subsequently, CRI Souss-Massa teams will be trained in the design and development of business models, fact sheets, and feasibility studies for investment projects.

CRI: Structural alignment in sight

In addition, as part of the reform of the investment “machine”, the Head of Government, through the Ministry of Investment, Convergence, and Evaluation of Public Policies, has already launched a study into the strategic alignment of these structures with this reform, which comes less than five years after the promulgation of law no. 47-18 reforming the CRIs and CRUIs and placing them under the supervision of the Head of Government.

The transfer of responsibility for the CRls to the Head of Government – who delegated their management to the Ministry of Investment, Convergence, and Evaluation of Public Policies – was effected via the adoption of decree no. 2.23.310 amending and supplementing decree no. 2.19.67 of April 17, 2019. The study in question will define a new governance system with target management, given that current governance is governed by law no. 47-18. This law has already initiated a far-reaching reform of the IRCs, following the adoption and promulgation of this text in February 2019 and its implementing decree in May 2019.

The study will be carried out in three main phases, starting with the definition of the current state of CRIs. It is this first phase that will condition the nature of the next actions to be undertaken, as it will target several components, including the analysis of activity reports and evaluation reports, in addition to the IRCs’ operational roadmaps. Added to this is an analysis of current governance and stakeholder interaction, CRUI operations, and organizational structure, including current dysfunctions and pending investments.

__

(Featured image by  stevepb via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.