Morocco intends to launch new tourism, industrial projects
Morocco intends to launch several projects, estimated at Dh3.25 billion (US $361 million), to promote tourism and industry.
According to MAP, these projects will be implemented by private groups that have recently signed five agreements with the Moroccan government.
The first agreement was signed with societé Palmeraie de Marrakesh to extend and renovate the Hotel Palmeraie Golf Palace and build a tourism compound with a budget of Dh266 million (US $29.5 million).
Another deal was signed with Ynna holding company, through its offshoot “Chafiqa,” to build six hotels in Marrakesh, Casablanca and Essaouira. This project, estimated at Dh1.68 billion (US $186 million), will generate 1,550 jobs.
The same group concluded another accord with the government to create a unity of paper and corrugated paper manufacturing in Mohammedia (near Casablanca), and extend its plant in the southern Atlantic city of Agadir. These two projects, to cost US $77.7, will create 210 direct jobs.
On the other hand, Societé Maroc Phosphor, branch of OCP group that is specialized in the production of acid phosphor and manure, will implement a project worth Dh400 million (US $44.4 million).
The fifth agreement is aimed at upgrading and increasing the production capacity of bottling plants for an amount of Dh210 million (US $2.3 million). (menareport.com)
© 2004 Mena Report (www.menareport.com)
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- Palmeraie Holding