Thursday, December 22, 2005

New Business Park for Casablanca

On Thursday King Mohammed VI launched the construction of a large Business Park to be known as "CasaShore". According to Maghreb Arab Press it will be dedicated to Business Process Offshoring.



This offshoring zone, to cost MAD 1.7 bn (USD 188 million), will be built on a 53ha area between the road linking Casablanca and Mohammed V Airport.

It will allow the creation of 60,000 direct and indirect jobs and the generation of USD 555 million as a contribution to the GDP by 2014.

CasaShore will be implemented part of the New National Industrial Strategy "Emergence," a ten-year strategy that will create 440,000 job opportunities and increase the Gross Domestic Product up by 1.6%, i.e. USD 10 million per year, and reduce the trade deficit by 50%.

The king also inaugurated a complex for Offshoring Jobs and Information Technologies training. The project, to cost MAD 47 Mn (USD 5.2 Mn), has a hosting capacity of 3,000 students.

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