Italy sets up centers to promote business with Arab states, small business loan to Morocco

The Italian government decided to offer Morocco a loan valued at $16 million dollars to enhance cooperation between the companies and centers of scientific research centers in the two countries, especially in light of a retreat in Italian investments in Morocco.

A press statement released by the Arab - Italian trade chamber in Cairo said today that the largest portion of this loan would be directed at financing of the medium-sized and small projects, specifically projects wanted the Moroccan youth.

For this purpose, an Italy center for investment is to be established in Rabat similar to those in Cairo and Tunis, and is part of a plan to establish such centers in the Arab states to support an Italian presence in these emerging markets.