Industrial investments in Morocco to reach one billion dollars in 1999

Industrial investments are expected to reach a total amount of 10.07 billion Dirhams ($1 billion) in 1999, according to forecasts of the Moroccan Ministry of Industry, Trade and Handicraft.

Recording a 5% increase in comparison with last year, industrial investments will be dominated by investments in the chemical and para-chemical fields ($363 million), trailed by textile and leather ($24.6 million) and agro-food ($24.5 million).

Electric and electronic industries will record the strongest growth rate, with a 23% increase in comparison with 1998, said the forecasts established on the basis of the first six months of this year.