Off the wire
• 1st LD-Writethru: Chinese legal chief meets with U.S. attorney general  • Canadian PM condemns killing of Canadian hostage in Philippines  • Tanzanian MPs oppose new tax on tourism services  • Tanzania's newly appointed minister declares war against drug traffickers  • Severed human head found in southern Philippines's Jolo island  • Pique scores late to lead Spain past Czech Republic (updated with quotes)  • The JSE closes weaker amid global sentiment  • Security Council renews mandate of UN mission in Libya  • Zambia halts culling of hippos  • Republic of Ireland 0 Sweden 0 - Halftime  
You are here: 　 Home

Morocco, China firm to build industrial park with 10 bln USD investment

Xinhua, June 14, 2016 Adjust font size:

Morocco and Chinese group HAITE will set up an industrial and residential park in the northern city of Tangiers with 10 billion U.S. Dollar-worth investment, local media reported Monday.

According to Moroccan news site Medias24.com, Moroccan officials and Chinese delegation discussed over the weekend in Morocco means to implement this large-scale park which will host 300,000 employees.

The park, which will cover 1,200 hectares, will also host numerous Chinese companies whose products will target African and European markets, the same source added.

The source revealed that the construction of the park will begin soon.

Chinese President Xi Jinping and visiting King Mohammed VI of Morocco signed on May 11 in Beijing a joint statement on establishing a strategic partnership between the two countries.

As part of this partnership, a memorandum of understanding to set up an industrial and residential park in Morocco was signed by the Moroccan government and Chinese group HAITE. Endit