|
Spanish company to invest $ 26 mln in Morocco in 2002
Morocco-Spain, Business, 3/14/2002
Spanish investment Company, COFIDES, is projecting to invest 300 Mln Dirhams (nearly $ 26 Mln) in Morocco in 2002, mainly in the sector of tourism.
The announcement was made by director of COFIDES delegation in Morocco on the sidelines of a meeting Tuesday in Agadir between Moroccan and Spanish economic operators.
COFIDES, which backs development projects carried out by Spanish firms, has so far financed 20 Moroccan projects worth some $152 million (175 Mln Euros) in different sectors such as metallurgic and pharmaceutical industries, textile and agribusiness
The Spanish business delegation is visiting the Souss Massa region (southern Morocco), to explore investment opportunities in the fields of tourism, agriculture and fisheries.
COFIDES opened its Casablanca delegation last October. This is evidence to the importance Spain gives to Morocco, regardless of juncture issues, director of the delegation said.
Previous Stories:
Spanish toys chain opens shops in Morocco
(12/13/2001)
Moroccan bank opens branch in Barcelona
(10/9/2001)
Spanish bank increases share in Morocco's Wafabank capital
(7/13/2001)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
