Moroccan and US IT and construction companies strike partnership agreements
Morocco-USA, Business, 5/31/2003

Two partnership agreements were signed here on Friday between Moroccan and US companies, operating in IT and construction sectors, in the presence of US undersecretary of state for trade, Maria Cino.

The first agreement was concluded between US "HHB Inc" and Moroccan "Bridge Telecom," two IT firms while the second establishes partnership ties in the construction of infrastructure between Moroccan "Chaabi" group and US "CEO international CHEM Cret."

The HHB Inc-Bridge Telecom agreement will enable the two firms to consolidate their presence in the African market and improve E-government services in Morocco.

Chaabi Group and "CEO international CHEM Cret" will be cooperating with the aim of exporting products from Morocco to other countries of the region. The partnership deal is expected to generate between 500 and 1,000 new jobs in Morocco.

The agreements were signed as the US official is leading a delegation representing 11 businesses in a visit to Morocco.

The US undersecretary also reviewed on Thursday with general manager of the Moroccan port authority (ODEP), Mustapha Barroug, cooperation in ports management and investments ties between ODEP and US operators. The two sides agreed to identify enterprises with expertise in port management for future cooperation moves.

Maria Cino called for intensifying sea transport for goods exchanges which are bound to increase with the projected conclusion of a free-trade agreement before end of the year.

Previous Stories:
  American resort group short-listed for sea resort project in Morocco   (4/18/2003)
  Morocco's carrier RAM, US peer Delta Airlines sign cooperation agreement   (2/6/2003)
  American chamber of commerce and employers association launch 3rd annual corporate citizenship award   (6/10/2002)

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