Morocco’s Anouar cement works in El Aaiún to get MAD 250 million investment

Announced during an investment forum organised by CGEM to boost development in Moroccan controlled Western Sahara, the Anouar cement works in El Aaiún (Laâyoune) is set to receive an investment of MAD 250 million (€23.38 million/US$25.10 million).
April 2, 2015 Read time: 1 min

Announced during an investment forum organised by CGEM to boost development in Moroccan controlled Western Sahara, the Anouar cement works in El Aaiún (Laâyoune) is set to receive an investment of MAD 250 million (€23.38 million/US$25.10 million).

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China’s ICFC funds for Morocco’s Atlantic Ciment plant

Chinese bank ICFC is expected to provide US$171 million (€149.34 million) to Moroccan company Atlantic Ciment (Anouar Invest) following the signing of a financing contract.

The funds will be used to build a major cement plant in Settat, Morocco, for which Anouar Invest has already signed an agreement with Chinese construction company Sinoma-CDI.

Chinese export credit insurance company Sinosure will guarantee the ICFC funds.

Negotiations are ongoing so that Moroccan banks may provide the rest of the

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