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Prime Minister: The direction of investment incentives will be reconsidered to exclude rentiers

The Prime Minister, Minister of Finance, Aïmane Benabderrahmane, affirmed today, Monday, that the approach to granting investment incentives will be reconsidered in order to adopt a new approach that excludes “rentiers” in favor of real investors.

While supervising the conclusion of the proceedings of the national symposium on industrial revival, which was launched on Saturday, Mr. Benabderrahmanesaid: “More than $10 billion (during 2018 and 2019) were provided as incentives and facilities for investors without any return  (..) these approaches and incentives that rentiers still benefit from will be reconsidered.”

He stressed that the new approach in this field aims to direct incentives and facilities to “those who deserve them across all regions of the country.”

The recommendations of the four workshops that were organized over two days were readin the presence of the Minister of Industry, Ahmed Zeghdar, during the closing session of the symposium.

During these workshops, discussions were undertaken about solutions adapted to the current situation of the country in order to benefit from previous lessons and experiences with the participation of all actors to implement the Ministry’s plan and the sector’s action plan.

It’s worth recalling that the symposium was kicked off on Saturday at the Palais des Nations and was chaired by the President of the Republic, Abdelmadjid Tebboune, in the presence of the country’s high ranking officials.

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