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Morocco to Purchase Four Airbus Planes Worth $220 Million
by:
Mourad Teyeb 

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Morocco's King Mohammed met Airbus President Noel Forgeard on Thursday after the two parties reached an accord which enables Royal Air Maroc (RAM) to buy four Airbus 321-200 planes, a government official said. The deal, which took more than three months of talks to be finalized, is estimated at the equivalent of $220 million, the official who declined to be named told Reuters.

"His Majesty King Mohammed received Forgeard in the northern city of Tangiers after the signing of an accord between RAM firm and Airbus constructor over a four airbus planes," the official added.

RAM has a fleet of 32 aircraft, most of them manufactured by U.S. Boeing firm and this was the first time it decided to introduce Airbus aircraft in the transport services to reinforce its links with Europe, including France, the official added.

But he did not elaborate.

Last November, the Moroccan national airline announced the purchase of 22 Boeing aircraft worth $1.1 billion as part of a strategic plan to modernize its fleet over the next decade.

RAM is among a dozen state-run companies slated for privatization in the coming years.

Morocco and UAE group sign tourism investment convention

Morocco and "Liwa" group, an international tourism investment company, signed in Rabat on Friday a convention, worth 200 million DH ($ 19,04 Mln), for the renovation and extension of the Liwa-owned three Sheraton hotels. Under the convention, the United Arab Emirates firm will increase guest capacity in the three hotels located in Marrakesh, Fez and Agadir. The group will also build 300 new rooms, restaurants and conference halls, says a statement of the Moroccan economy and finance department.

The agreement was signed by Morocco's minister of economy, finance, tourism and investments, Fathallah Oualalou, and chairman of Liwa administrative board, Said Manea Al Outaiba, who is also personal advisor to the UAE president.

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Email: Mourad Teyeb 

Mourad Teyeb Mourad Teyeb holds degrees in English and Literature, Educational Psychology, and Computer Science.  Fluent in English, French, Arabic, German, and Italian. Mourad's, Mourad trained with the African Center for the Training and with Recycling of  Journalists, Tunisian Papers and Magazines.  In additional to journalism, Mourad has also had travel agent tour operating training. (More about Mourad Teyeb.)

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