Morocco, Saudi group sign memo of entente

Morocco and the Saudi investment group Abdellah Dahlan signed Monday a memorandum of entente pertaining to investment in Morocco.

The memo was signed by Moroccan economy, finance, tourism and privatization minister, Fathallah Oualalou, and the Group's president and managing director, Abdellah Sadeq Dahlan.

The document seeks to consolidate the group's presence in Morocco through the carrying out of several projects worth 200 million Dirhams, i.e more more than $ 20 million.

The projects will be carried out in the sectors of transportation, urban services, tourism and higher education.