Morocco Property News: On Wednesday 17th February a 1.7 billion dirham fund ($206m) was announced in Morocco to give a more competitive edge to the kingdom’s key-industrial sectors. The fund, set up within the frame of the “National Pact for Industrial Emergence (PNEI)”, will be supplied by the banks and the PNEI’s partners. This state-guaranteed fund, tailored to the foreign investors expectations, will finance credits, banking services and real-estate costs. Spanning over six years (2009-2015), this strategy seeks to promote training, human resources and investments. The action plan, which targets the sectors of automobiles, technologies, aeronautics, services, telecommunications, aims to create up to 220,000 job opportunities and boosting development through raising the industrial sector’s contribution to the Gross Domestic Product.
