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Morocco, Saudi Arabia set up two-million dollars poultry company
Saudi Arabia-Morocco, Business, 9/3/2003
A Moroccan-Saudi poultry farming company was created with an overall $ Two-million investment, the Moroccan-Saudi Business council announced in a release.
The company was created on the fringes of the Saudi-Moroccan joint Commission, held last August 28-29 in Rabat.
Two Saudi businessmen and the manager of the Moroccan-Saudi Investment Company "Asmae," are the main associates in the project.
The new Poultry company will contribute to the development and the expansion of the poultry sector in Morocco. The overall investment of "Asmae" group in the sector is valued at 83 million Dhs (US $8.3).
The associates further agreed to build a tourism complex in Marrakech (southern Morocco). (MAP)OB/
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