Morocco, China Ink Cooperation Agreement Worth 140 Mln MAD

Morocco and China signed, on Tuesday in Rabat, an economic and technical cooperation agreement amounting to about 140 million dirhams to finance public projects agreed by the two parties. Initialed by Economy Minister Mohamed Benchaaboun, and China’s Extraordinary and Plenipotentiary Ambassador to Morocco Li Li, this grant agreement highlights the excellent Chinese-Moroccan relations and foster economic and trade cooperation between the two countries.

On this occasion, Benchaaboun noted that cooperation between Morocco and China is growing stronger as shows the increasing volume of Chinese investment in the Kingdom and the growing number of Chinese tourists since the implementation of the visa exemption policy.

The minister also thanked the Chinese government for its interest in Morocco’s economic and social development, expressing his satisfaction with the projects undertaken in Morocco with the financial support of China. For his part, Li said that, through this financial contribution, the two parties will design, together and in the near future, pilot projects covering several key sectors such as ICT and education.

Article19.ma

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