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(ANSAmed) - RABAT, JULY 2 - Some USD 38.5 million have been allocated by the Moroccan government to development projects over the 2008-2012 period compared to USD 11.6 million over 2002-2007, Prime minister Abbas El Fassi said as reported by Map news agency. Abbas El Fassi said these projects will continue at a steady pace particularly in the vital sectors such as roads and motorways, railways, dams, energy and tourism, underlining that the government is determined to honor its commitments despite the fluctuation of oil and foodstuff prices. The inter-ministerial committee on investment has approved 62 projects, worth USD 3.7 million, which will create 15,800 jobs, said the Prime Minister during the meeting, attended by the minister of Economic and General Affairs, Nizar Baraka, and the minister in charge of relations with parliament, Saad Alami. These investments, he went on, cover various sectors of activities, notably the automobile industry, electricity, agriculture, food-processing, tourism, chemical and petrochemical industries, aeronautics. He stressed the positive impact of these projects on local economy in general and job creation in particular. In this respect, he recalled the downward trend in the unemployment rate, which fell to 9.8% in 2007. This rate has continued its decline, standing at 9.6% in the first quarter of 2008 compared to 10.1% a year earlier. During this year, more than 200,000 new jobs have been created by non-agricultural sectors. For the current year, the government expects a growth rate of 6.8% despite an unfavorable international situation. (ANSAmed).