(MENAFN - Morocco Business News) Three financing agreements, worth MAD 1.7 billion, relating to the implementation of the National Pact of Industrial Emergence (PNEI), were signed Wednesday in Rabat.
Signed by the minister of Economy and Finance and the minister of, Industry, Trade and New Technologies with PNEI's banking partners (Attjariwafa Bank, BMCE and BCP), the first two agreements provide for launching a financing offer to foreign investors willing to invest in the off-shoring and outsourcing sector.
Worth MAD 1 billion, the offer is designed to enhance the attractiveness of Morocco as a destination for investors operating in sectors where the Kingdom has clear and exploitable competitive advantages.
For its part, the third agreement, worth MAD 700 million, was signed by the two ministers and the CEO of the Caisse Centrale de Garantie (CCG). It concerns the management of the "Emergence Invest" fund by the GCC.
This fund aims at finance Moroccan firms with and annual turnover of MAD 100 million, excluding taxes. These firms will be selected on the basis of their experience, their proposed investment policy and their ability to mobilize additional financial resources.