Prime minister receives manager of India's Oberoi group

Moroccan Prime Minister Abderrahmane Youssoufi met in Rabat Thursday president of the Indian group "Oberoi."

The two men reviewed the enforcement of the $ 100 million accord concluded between Morocco and the Indian group.

A statement of Youssoufi's office says OBEROI president also informed the prime minister that his group has signed with Morocco's holding "ONA" a cooperation agreement creating a joint commission to carry out the agreement projects.

Last February, the Indian hotel Chain Oberoi announced projects to build Hotels, including a 500-room luxury hotel in Casablanca, a tourism compound in Marrakesh with 250 rooms and a tourism compound in the southern city of Ouarzazate.

The group will also rehabilitate a casbah (castle) in Ouarzazate.

Youssoufi's visit to India last February was crowned with the signing of a package of agreements in the sectors of maritime transport, mining and energy and audiovisual and information technologies. A Moroccan-Indian business council was also set up during the visit.

India is Morocco's third client and 30th supplier. Morocco recorded in 1997 its best external trade surplus with India ($ 332 million).

Phosphates and byproducts dominate Morocco's exports to India.