Morocco's BMCE Bank of Africa to open branch in China

Updated 2018-03-28 11:21:01 Xinhua

Morocco's BMCE Bank of Africa (BOA) will open a branch in the Chinese city of Shanghai, local media reported Tuesday.

The financial daily L'Economiste reported that the branch is expected to open in September. The BOA has opened a representative bureau in China since the early 2000s.

The Moroccan bank has been involved in several projects with Chinese institutions and firms, including the establishment of an industrial park in northern Morocco and the building of the tallest skyscraper in Africa in the capital Rabat.

Moreover, BOA inked a Memorandum of Understanding with the China Development Bank on Friday to enhance bilateral trade and investment.

The deal aims to boost joint ventures in infrastructure programs, transport, car manufacturing, technology parks, investment and trade, and sustainable development projects.

It offers a solid basis for the Sino-Moroccan cooperation in the private sector, with a view to consolidating Morocco's position as a major gateway to Africa and creating new momentum for the development of the bilateral ties.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 18 2018 14:51:29

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 18 2018 14:51:29

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 18 2018 14:51:29

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords