Morocco’s Hassan II Fund for Economic and Social Development contributed $14 million in funding to industrial projects over the course of 2003, according to the Ministry of Trade and Industry.
Support came in the form of partial participation in the cost relating to the acquisition of land and construction of professional buildings. Automobile subcontracting projects, including precision mechanics, absorbed 52 percent of the total financing, textile ventures took 36 percent of the funds and electronic ventures received seven percent of the money. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
