VOL. XL

No. 9

3-March-1997

MOROCCO

Daewoo To Invest Up To $900Mn In Morocco

The head of Daewoo Group's subsidiary in Morocco said on 24 February that the South Korean conglomerate plans to invest up to $900mn in various sectors of the Moroccan economy. The company has increased its initial investment program of $500mn by $400mn, of which about 70% is earmarked for household electrical equipment production, according to Mr. In-Soon Chen. Among the company's other interests in Morocco are projects...