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Moroccan holding invests more than $ 43 million in China
Morocco-China, Business, 6/22/2001
The Moroccan Benjelloun holding has injected 500 million Dirhams (nearly $ 43.47 Million) in a factory in Xi'An, China.
The holding chief, Othman Benjelloun, who made the announcement in a statement to Moroccan daily "L'Economiste" said overture onto Asia is a mid and long term investment.
He said that this investment is not only financial but also intellectual and strategic.
The holding is also projecting to open a branch of La Banque Marocaine du Commerce Ext?rieur (BMCE bank) in the region.
Previous Stories:
Morocco, China set up business council
(1/24/2001)
China builds clothing factory in Morocco
(1/20/2001)
Moroccan businessmen delegation in China
(4/4/2000)
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