License issued for new cigarette factory in Morocco

A United Arab Emirates company plans to build a cigarette factory in Morocco in partnership with local investors, according to an Emirates 24/7 story quoting the ‘Hespress’ Arabic language daily.

The Dubai-based Al Rashideen trading company was said to have set up a joint venture with Moroccan investors under the name of the UAE-Moroccan Manufacturing and Distribution Company.

The plan was to take advantage of the high level of domestic consumption.

The newspaper reported that the new venture had obtained permission from the Moroccan industry ministry to set up the factory at Tangier.

‘The factory will be built on an area of six hectares (60,000 square metres) near the port in Tangiers,’ the report said.

It said the ministry’s licence allowed the new venture to set up storage units in more than 20 Moroccan cities and nearly 38,000 sale points for its products.