|
France extends Morocco 750,000 Euro for expats' enterprise creation
Morocco-France, Economics, 6/20/2003
The French Development agency signed on Wednesday with the Sindibad fund, an affiliate of the pension managing CDG, a 750,000 Euro subsidy to promote investments in rural tourism and innovating SME's by Moroccan expatriates.
France's ambassador to Morocco, Jean Grasset, stressed that the project is the first move in an "interesting" operation. He said the "co-development" project is one of the axes in the strategic cooperation between Morocco and the European Union.
The CDG's Sindibad fund was founded in December 2002 with an initial capital of 48 million Dirhams (4.4 Mln Euro) to finance and support new enterprises operating in the new information technologies and civil engineering.
Previous Stories:
Moroccan, French employers unions convene to boost economic ties
(4/3/2003)
French industrialists keen on enhancing partnership with Morocco
(3/14/2003)
Moroccan and French car industry sign cooperation agreement
(2/11/2003)
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
|
