The Moroccan government's social programme to build 100,000 houses a year has attracted 2 Malaysian developers to the country.Moroccan Ambassador to Malaysia Ahmed Amaziane said 2 Malaysian companies started work there about 3 years ago. Malaysian national oil company, Petronas, had also made its presence felt in the Kingdom, while talks are in progress for another Malaysian company to produce animal feed using phosphate as an ingredient for exports to Europe, said the ambassador who has been in Malaysia for 3 years.
Meanwhile, one of the developers involved in the Moroccan government housing project is Al-Hidayah Development SARL, which was incorporated in Morocco. The company, a member of Malaysias Al-Hidayah Group of Companies, signed an agreement with Al-Omrane Development Holdings on March 17, 2006 to build 5,000 public housing units with a total gross development value of RM2.08 billion.
via Bernama
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