House of Representatives Adopts Government Bill on the Reform of Regional Investment Centers and the Creation of Unified Regional Investment Committees in Second Reading

The House of Representatives adopted on Monday, December 9, 2024, by a majority of votes, Government Bill 22.24 amending and supplementing Law 47.18 on the reform of Regional Investment Centers and the creation of Unified Regional Investment Committees, in a second reading. The adoption took place during a legislative plenary sitting chaired by the First Deputy Speaker of the House of Representatives, Rep. Mohamed Sabbari, and attended by the Minister Delegate to the Head of Government in Charge of Investment, Convergence, and Public Policy Evaluation, Mr. Karim Zidane, and the Secretary of State to the Minister of Solidarity, Social Integration, and Family, in Charge of Social Integration, Mr. Abdeljebbar Rachidi. 

The amendments, which amounted to 18, covered Article 1 (Articles 4 and 31), Article 2 (Articles 6, 7, 10, 25, and 29), and Article 4 (Articles 30 bis.2 and 30 bis.3). 

The Bill aims to ameliorate the efficiency of processing appeals by replacing the Ministerial Steering Committee with the Ministerial Appeal Committee, to be chaired by Head of Government. In the same regard, the authority in charge of the Regional Investment Centers will be entrusted with the secretariat of said Committee. 

The Bill will also make a core transformation in Regional Investment Centers and anchor their role as key actors in promoting investments at the regional level. In the same vein, The Bill will unify the related decision-making framework through creating the Unified Regional Investment Committees, simplifying procedures, enhancing the deadlines for processing investment costs, and decreasing the percentage of rejection of investment projects.