Moroccan, Egyptian businessmen set up joint-ventures

Moroccan and Egyptian businessmen signed last week a series of agreements to export to Egypt some Moroccan products and the creation of joint ventures.

Under the first agreement, Moroccan unprocessed lead will be sold in Egypt. A biscuit-making plant will be set up in Port Said with technology transferred by Morocco and funds brought by Egypt.

An industrial plant will be set up in the industrial zone of Nador to assemble export-destined bicycles. The other accords deal with selling to Egypt to fish and import white cement from Egypt.

The group of Egyptian businessmen who represent 22 enterprises visited the industrial compound of the city and the plants established there.