You are here: Home » News-IANS » Diplomacy
Business Standard

Morocco helps out Cote D' Ivoire with low-cost housing

IANS  |  Abidjan 

In a bid to promote South-South cooperation as a development tool for the people of sub-Saharan Africa, Morocco has launched two real estate projects in Cote D' Ivoire's capital Abidjan that will see the construction of 8,000 low-cost housing units.

Morocco's King Mohammed VI, who is visiting Cote D' Ivoire, launched the projects Tuesday in the presence of Ivorian Prime Minister Daniel Kablan Duncan, the Maghreb Arab Press (MAP) reported.

While one project will cover 26 hectares of land with 7,500 houses coming up, the other project will cover three hectares and will have 530 houses.

The projects, costing 2.2 billion Moroccan dirhams (around $35.5 million), will be carried out by the Moroccan real estate group Addoha.

Morocco's gesture is in line with the speech of King Mohammad VI at the opening session of the Ivorian-Moroccan Economic Summit held here Monday wherein he said that Africa did not need assistance as much as more mutually beneficial partnerships.

King Mohammed VI is currently on a tour of sub-Saharan and West Africa amid talk that this was part of Moroccan to lobby for its return to the African Union which it left in 1984 in protest against the admission of the self-proclaimed Sahrawi Arab Democratic Republic.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 26 2014. 18:22 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU