On April 8، 1988، the late King Hassan II delivered a speech at the opening of the spring session of the House of Representatives announcing his decision to enable the private sector to carry out an important part of the industrial and commercial activities of the State or its public institutions. A few years later، .
The King's speech at the time considered that the purpose of this approach was not to "alleviate the burden of the public budget، but to renew the Moroccan economy and revitalize the national economy by giving new Moroccans the opportunity to engage in free trade and enable Morocco to contribute to international trade".
After this speech، the government of Izz al-Din in 1990 adopted the law No. 39.89 in which the muezzin transfers public facilities to the private sector. It includes the list of public institutions and contractors to be privatized. It is divided into three categories: direct contributions to the state and public enterprises، And hotels، and the list has been updated with the passage of years.
Under the law، the first privatization of state contributions was launched in 1993 in a number of companies. In February of that year، the sugar products company SODERS، which was engaged in the yeast industry، was about 28.6 million dirhams، compared to 35 percent of them، followed in April of the same year Sale of 30% of the capital of Shala Industrial Tailoring Company for AED 10.20 million.
Privatization operations were carried out annually from the date of adoption of this law to the limits of 2007، and will resume in 2011 and then in July 2016، and have stopped again during the current year by selling 8% Billion dirhams to meet the budget deficit.
During the early years of the privatization program، the state's revenues differed from the sale of its companies and their contributions. The largest operation was in August 1993، when it sold 50% of its contribution to Cior with a total value of AED 614 million، Of the State's contribution to the "Shawl Distribution Company" for AED 450 million.
According to a report by the Ministry of Economy and Finance on public institutions and contracting، the state exceeded one billion dirhams of privatization in 1994 when it decided to sell 51 percent of the National Investment Company (SNI) for 1.6 billion dirhams. Today it is a private investment fund The new name is "run".
After this huge operation، the state sold in April 1995 a share of 26 per cent of its contribution to the Moroccan Foreign Trade Bank for 1.1 billion dirhams. In March 1996، the state began to privatize Samar Refinery، which is suspended from operation today، so that it lost 30% of its capital to AED 1.5 billion that year.
Morocco's largest privatization operation is the one in February 2001، when the government sold 35 per cent of its stake in Morocco Telecom for 23.34 billion dirhams. The privatization of the company did not stop that year. In 2004 and 2005، the state returned to 15% and 16% respectively، and then sold 4% in 2007 to 4.5 billion dirhams.
According to the report، Morocco's state-owned stake in Morocco Telecom to the end of 2016 is 50 billion dirhams، representing half of the total privatization in the Kingdom estimated at 100 billion dirhams، adding to the 8 billion expected to miss the 8% Currently، the share of the state in this company will remain at 22%.
According to the report، the largest privatization in the history of Morocco took place during the governments of Abdurrahmane Youssoufi and Driss Jettou، and it managed large sums of money that contributed to support the state budget in the face of the budget deficit and the support of various social programs.
However، this continuous trend in the privatization of state companies and companies corresponds to the question of feasibility and efficiency. A large number of privatizations have made large national companies in the hands of individuals who were not necessarily at the required level. The best evidence of this is what happened to Samir، the only refinery available in the Kingdom، By the Saudi businessman Hussein Al-Alami and entered today the procedure of judicial disqualification without a result.
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