Here is the organizational model of the Mohammed VI Fund for Investment

The Mohammed VI Fund for Investment held, in Rabat on Thursday, December 29, 2022, the first meeting of its board of directors under the chairmanship of the Minister of Economy and Finance, Nadia Fettah and in the presence of the Minister Energy Transition and Sustainable Development, Leila Benali, the Minister of Tourism, Handicrafts and the Social and Solidarity Economy, Fatim-Zahra Ammor and the Minister Delegate to the Head of Government in charge of Investment , Convergence and Evaluation of Public Policies, Mohcine Jazouli.

The Mohammed VI Fund for Investment was created following the High Royal Guidelines contained in the Speeches of July 29, 2020 on the occasion of the Throne Day and of October 9, 2020 addressed to Parliament, to be the engine of the recovery investment that creates economic growth in our country and to contribute to economic recovery in this context of global crisis. The Fund is headed by Mohamed Benchaaboun, appointed by King Mohammed VI, as Managing Director of the Fund on October 18, 2022.

During this first board meeting, Benchaaboun presented the Fund’s organizational model and its main rules of governance. In this regard, an audit committee and a strategy and investment committee have been created, pursuant to the provisions of article 8 of Law no. creation of the Fund.

Benchaaboun then presented the operating model of the Fund, the fundamentals of its action as well as the priority areas of intervention. Among them are industrial restructuring, innovation, small and medium enterprises, infrastructure and public-private partnerships, agriculture and tourism.

Endowed with a share capital of 15 billion dirhams, the Mohammed VI Fund for Investment, will have to, in particular through the establishment of sectoral or thematic sub-funds and by means of fundraising from national investors and international organizations, contribute to the financing of structuring investment projects, to the reinforcement of the capital of companies and to the support of production activities with the primary ambition of establishing itself as a reference Sovereign Fund, an accelerator of economic, social and environmental development, through the promotion of productive investment.

Previous Post Next Post