Hassan II fund injects dh 2.75 mln in two investment projects

The Hassan II Fund for Economic Development will inject 2.75 million Dirhams (nearly $ 275,000) in two investment projects.

The fund will inject 1.5 million Dirham in a first 43.5 million Dirham project to build a semi-conductors lead frames unit by the French-Italian group Aug-sat in Mohammadia, near Casablanca. The unit will generate some 200 jobs and promote technology transfer.

The second project, worth 15 million Dirhams, consists in the construction of a car cables plant. The plant, to be located in Skhirat (Rabat suburbs), will be operated by a French firm. The fund will inject 1.25 million DH in this project that will generate more than 100 permanent jobs.