Moroccan holding invests more than $ 43 million in China

The Moroccan Benjelloun holding has injected 500 million Dirhams (nearly $ 43.47 Million) in a factory in Xi'An, China.

The holding chief, Othman Benjelloun, who made the announcement in a statement to Moroccan daily "L'Economiste" said overture onto Asia is a mid and long term investment.

He said that this investment is not only financial but also intellectual and strategic.

The holding is also projecting to open a branch of La Banque Marocaine du Commerce Ext?rieur (BMCE bank) in the region.