The agreement with Morocco is both a culmination and a beginning of a strategic partnership, Alstom CEO   Leave a comment

The agreement between Morocco and Alstom, which provides for financial commitments of the French group amounting to 9.5 billion dirhams over the next ten years

Agadir – The agreement between Morocco and Alstom, which provides for financial commitments of the French group amounting to 9.5 billion dirhams over the next ten years, is “both a culmination and a beginning of a strategic industrial partnership” for the development of an efficient rail sector, said CEO of Alstom Patrick Kron

This agreement reinforces the willingness of both parties to develop long-term partnerships, and is part of the policy adopted by HM King Mohammed VI in terms of infrastructures necessary for economic and social progress, Kron said in a speech before the Sovereign during the signing ceremony of this agreement, on Thursday in Agadir.

“Today’s agreement opens new horizons in several sectors,” he said, adding that the amount of annual purchases from Moroccan suppliers as of 2012 will be multiplied by a factor of 10 to 15.

Under the agreement, the French group will create in Morocco a company that will supply Alstom Transport and other rail customers with certain electrical components. “This project is expected to create 250 jobs by 2015,” he added.

“We will set up in the Kingdom high level service projects and extend our work in the fields of education by strengthening our relations with the Moroccan universities,” Kron noted.

Alstom is a world leader in transport infrastructure, power generation and transmission.

 

 

Advertisements

Posted January 18, 2011 by newworldconsulting in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: