Spanish investors want single counter in Morocco

The chairman of Spanish-Moroccan enterprise committee at the Spanish confederation of entrepreneurs' organizations Jose Miguel Zaldo said he was for the setting up of a Moroccan agency for the promotion of foreign investments.

The Madrid daily El Mundo quotes Zaldo as saying the agency should have a single counter to deal with the red tape crippling the inflow of foreign investments.

Investment opportunities are hard to identify in total absence of promotion, while investors have to shuttle between departments in attempt to overcome all the bureaucratic requirements, the Spanish entrepreneur said.