Home / Business / Macro

Morocco, China to set up economic zone to boost bilateral cooperation

Xinhua | Updated: 2017-10-17 10:02

RABAT - Morocco and China have agreed to set up an economic zone in Morocco's northern city of Fez, offering a platform for boosting bilateral cooperation in various industries, local media reported Monday.

A memorandum of understanding has been signed between the Fes-Meknes Regional Investment Center and the China Industrial Cooperation Association, the financial daily L'Economiste reported.

The deal aims to establish an economic zone as a platform to attract Chinese investments in the fields of automobile, aviation, agriculture, health and renewable energy, the report said.

Bilateral economic cooperation between Morocco and China has been growing steadily since the establishment of a strategic partnership during the Moroccan king's visit to China in May 2016.

Since then, Morocco has witnessed a wave of Chinese investment in the country, especially in the areas of infrastructure construction and industrialization.

In June 2016, Morocco granted Chinese citizens visa-free entry to the North African kingdom.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349