Monday , September 20 2021

Le Matin – A draft strategy to strengthen private investment

The government is working on a strategy for promoting private investments for the Argan sector. The goal is to accelerate its development in terms of production,
productivity, exports and added value.

The argan wood industry has been promised a new takeoff. The government is working on a strategy for advancing private investment to accelerate the development of this sector in terms of production, productivity, exports and value added. The draft of this roadmap, which will have to be completed by 2019, is being brought by the Ministry of Agriculture in partnership with the National Agency for the Development of Oasis and Arganic Areas (Andosa). "Morocco made significant efforts to improve the investment climate in this sector, especially in the context of the Green Moroccan plan … However, this sector represents a significant developmental development that requires significant innovations and investments in order to strengthen the momentum initiated for years by the cooperative sector in the sector, "notes Anda's top management.
Morocco produces between 4,000 and 5,000 tons of Argan oil annually, of which nearly a third is exported. "At the end of 2016, the export of Armenian oil amounted to 298.5 million dinars, 1,387 tonnes were sold on the international market, while in 2000 this volume did not exceed 36 tons," the agency points out.

As a growing sector, Argan Tree has experienced a major leap since signing a program agreement between the government and the inter-branch in 2012. The country aims to double its production to 10,000 tons per year by 2020-2022, with strong added value for the production territories. So far, local people have little benefit. According to Ando, ​​despite the structuring efforts, domestic producers account for a small share of the added value (almost 17% of the value added of exports). Prospects are promising. After rehabilitation of 101,487 hectares between 2012 and 2017, Morocco launched a project for the cultivation of 10,000 hectares of Archan orchards in eight provinces and prefectures in the regions of Sous-Masa, Marakesh-Safi and Gelimim in March last year.
The total cost for this project is $ 49.2 million (around 451 million DH), funded by the Green Climate Fund for $ 39.3 million, with Morocco co-financing of $ 9.9 million. In addition, by 2022, the global market for aragogene oil is expected to grow by an average of 20% annually to reach $ 600 million, compared with just over $ 100 million in 2014 (US company Grand Vie Research) . Hence the need for a strategy for promoting private investments for this sector. To that end, the Ministry of Agriculture and Andzoa are preparing to conduct a study to develop this strategy, which will also cover aromatic and lean plants.

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