Canary businessmen willing to invest in Morocco, Canary official.Summary: Several Canarian entrepreneurs and businessmen are willing to invest in different fields in Morocco Morocco, country, Africa Morocco (mərŏk`ō), officially Kingdom of Morocco, kingdom (2005 est. pop. 32,726,000), 171,834 sq mi (445,050 sq km), NW Africa. , visiting Vice-President of the Canary Islands Canary Islands, Span. Islas Canarias, group of seven islands (1990 pop. 1,589,403), 2,808 sq mi (7,273 sq km), autonomous region of Spain, in the Atlantic Ocean off Western Sahara. They constitute two provinces of Spain. Santa Cruz de Tenerife (1990 pop. government, and Economy and Finance Minister, JosE[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] Manuel Soria, said here on Wednesday.
Several Canarian entrepreneurs and businessmen are willing to invest in different fields in Morocco, visiting Vice-President of the Canary Islands government, and Economy and Finance Minister, JosE[umlaut] Manuel Soria, said here on Wednesday.Aa "Several Canarian entrepreneurs and businessmen are ready to invest in Morocco" by financing concrete projects, Soria told the press after a meeting with Director of the agency for the economic and social promotion and development of the southern provinces, Ahmed Hajji. <p>AaAa This interest is stirred by the good performance of Moroccan economy which has large potential, evidenced by a growth rate of 5%, at a time when western economies are experiencing recession due to the international financial crisis, he said. AaAa The good performance of the Moroccan economy is an "opportunity" both for Canarian entrepreneurs - who wish to cushion the negative impact of the crunch (1) To process data. See number crunching. (2) To compress data. See data compression. 1. (jargon) crunch - To process, usually in a time-consuming or complicated way. on the archipelago Archipelago (ärkĭpĕl`əgō) [Ital., from Gr.=chief sea], ancient name of the Aegean Sea, later applied to the numerous islands it contains. The word now designates any cluster of islands. - and for Morocco, in terms of creating jobs, Soria added. AaAa The Canarian official, describing bilateral relations with Morocco as "good," underlined the need for the governments of both countries to back investment projects aiming to set up air and maritime routes between the Canarian archipelago and the north African North Africa A region of northern Africa generally considered to include the modern-day countries of Morocco, Algeria, Tunisia, and Libya. North African adj. & n. Adj. 1. Kingdom. AaAa For his part, Hajji told MAP that the meeting with Soria was an opportunity to examine relations between the Canaries and Morocco's southern provinces and the actions to be taken to carry out projects on the ground. AaAa During the meeting, the two parties also considered the promotion ofAa fisheries fisheries. From earliest times and in practically all countries, fisheries have been of industrial and commercial importance. In the large N Atlantic fishing grounds off Newfoundland and Labrador, for example, European and North American fishing fleets have long , and tourism cooperation between the southern provinces and the Canaries. Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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