VOL. XLV

No 32

12-August-2002

MOROCCO

Dallah Al-Barakah To Invest$148Mn In Moroccan Tourism

Saudi group Dallahal-Barakah and the Moroccan Government have signed anagreement under which a subsidiary of Dallah al-Barakah will invest in the development and running of thenew tourist resort at Taghazout near Agadir in the south of the country. The total amount to beinvested in the program will be MD1.6bn ($148.3mn), and will be used forpreparatory work and basic infrastructure. MD10mn ($927,000) will...