Morocco: Saudi Arabia prince to plans ‘huge investment’ in Morocco
Tue. May 29, 2007 10:24 pm.- By Bonny Apunyu. - Send this news article
(SomaliNet) Moroccan newspapers reported on Tuesday that Saudi Arabia's Prince Alwaleed bin Talal is planning "huge investments" in Morocco, including in tourism.
Aaccording to reports, Prince Alwaleed met Morocco's king Mohammed on Monday in Fes, the North African country's religious and culture centre, to brief him on his investment projects.
"The Kingdom Holding plans huge investments in Morocco, especially in tourism," the Arabic-lanaguage daily al Sahara al Maghribia quoted Alwaleed as saying. He is the holding's chairman.
A similar report was carrued by the French-language Le Matin newspaper tha -Alwaleed could not be reached immediately for comment.
Alwaleed's trip to Morocco followed Saudi Arabia's King Abdullah's visit to the North African kingdom last week when he and King Mohamed vowed to expand bilateral cooperation, including more Saudi investment.
Morocco is trying to attract more foreign investment to spur growth and create jobs.-Reuters
Tue. May 29, 2007 10:24 pm.- By Bonny Apunyu. - Send this news article
(SomaliNet) Moroccan newspapers reported on Tuesday that Saudi Arabia's Prince Alwaleed bin Talal is planning "huge investments" in Morocco, including in tourism.
Aaccording to reports, Prince Alwaleed met Morocco's king Mohammed on Monday in Fes, the North African country's religious and culture centre, to brief him on his investment projects.
"The Kingdom Holding plans huge investments in Morocco, especially in tourism," the Arabic-lanaguage daily al Sahara al Maghribia quoted Alwaleed as saying. He is the holding's chairman.
A similar report was carrued by the French-language Le Matin newspaper tha -Alwaleed could not be reached immediately for comment.
Alwaleed's trip to Morocco followed Saudi Arabia's King Abdullah's visit to the North African kingdom last week when he and King Mohamed vowed to expand bilateral cooperation, including more Saudi investment.
Morocco is trying to attract more foreign investment to spur growth and create jobs.-Reuters
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