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Archive for July 28th, 2009

Morocco creates investment fund for expats

Posted by propertyzonedirect on July 28, 2009

Morocco has created a fund to encourage Moroccan expatriates to invest in their home country.

This fund is part of a strategy announced earlier to help Moroccans living abroad to cope with the international financial crisis.

As part of this strategy, the government and banks will provide up to 75% of the total investment, 10% and 65% respectively, if the investor provides at least 25% in foreign currency.

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