Posted by: Morocco World News

To strengthen the performance of Morocco’s twelve Chambers of Commerce, Industry and Services (CCIS), the Moroccan government allocated a budget of MAD 452 million as part of their “global and integrated” transformation on Monday, March 5.

At a meeting marked by the presence of Minister of Industry Moulay Hafid Elalamy, Minister of Economy Mohamed Boussaid, and representatives from each chamber of commerce, the Ministry of Industry and the federation of CCIS signed a series of conventions related to the development plan for the commerce chambers and their federations.

According to a statement, this reform “is a first in the history of these institutions and comes as part of the implementation of the Framework Convention signed, before the King Mohammed VI, between the government and the federation of CCIS in April 2014.”

The reform, which mobilized close to MAD 452 million, focuses on “establishing a transparent and effective governance model, implementing customer-oriented and income-generating services, setting up an efficient organization and the repositioning of the Federation,” the state news agency MAP reported.

The stipend will also serve for developing “structuring economic projects generating resources, including rental industrial parks, exhibition parks, business parks, and business centers.”