US General Electric to launch projects in Morocco

President and CEO of US holding General Electric is projecting several investments in Morocco and will be bidding for the building of "Al Wahda," a major electric plant.

According to Morocco's Minister of Economic and General Affairs, Rachid Talbi Alami, other investments eyed by GE, the company founded by light bulb inventor Thomas Edison, include a project of loans to consumption and for tradesmen and another project for the creation of an Italian and French-speaking call center.

GE president and CEO, Ferdinando Beccalli-Falco, reviewed the company plans in a meeting on Monday with Prime Minister, Driss Jettou.

Through the 1980s and 1990s, GE transformed itself from a simple maker of electrical appliances to a giant conglomerate with interests in sectors ranging from aircraft engines and power generation to financial services, medical imaging, TV programs and plastics.