July 31 - 10:07
China could back $11 billion tech city in Morocco
BMCE Bank, one of Morocco's biggest financial institutions, is hoping China will finance its plans for an $11 billion tech city in the country. The 2,000-hectare site, planned for the north of the country, will support 100,000 jobs. BMCE has close ties with China and the tech city's project company signed an MoU with the state-owned China Communications Construction Co. in April.
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