Moroccan Finance Group Sets up US$ 100 million Fund to Support Motion Picture

Chairman of Moroccan Finance.Com and BMCE Bank, Othmane Benjelloune, announced the creation of a US$ 100 million fund to support the cinema industry in Morocco.

The fund, meant to promote cinema and audio-visual production in Morocco, will be created in partnership with Moroccan and foreign investors, says a statement of BMCE bank.

The decision was announced in Marrakesh on the sidelines of a conference on problems of financing cinema and audio-visual projects in Morocco, held part of events featured during the international film festival of Marrakesh (Sept18-Sept.22).

"As a member of the economic and financial community, I should bring my contribution to the edifice and raise national and international financial resources for a quality cinema and audio-visual creation in our country," said Benjelloun.