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Agreements signed for seven investment projects in Morocco
Rabat, March 21 (NNN-MAP) Seven investment agreements were signed here Tuesday by international companies for projects involving a total of 230 million USD and which will create some 5,786 job opportunities.
Five of the projects are in the tourism sector while the other two are in the metal-working industry and offshoring services.
A Spanish company, Iberostar Hotels and Resorts, will build a 3,000-bed residential complex in Marrakech, while United Arab Emirates (UAE) real estate giant EMAAR, through its local subsidiary EMAAR Morocco and Gilmaroc Seaside will establish two resorts in the province of Tangier-Tetuan in northern Morocco.
Leonard De Vinci International of Luxembourg will build a 585-bed capacity tourist resort in Marrakech, while the Moroccan group Addoha will build a resort in Plage des Nations close to Rabat.
In the metal working industry, Maghreb Steel will establish a metal rolling unit in Mohammedia, 25 km northern Casablanca.
The last agreement, signed with French computing company Logica CMG involves developing the company's activities in Morocco.
Morocco is keen on developing partnerships with foreign and offshore companies and mobilizing ways to implement the national plan to promote Moroccan industry in addition to its Vision 2010 to attract 10 million tourists by the year 2010.
