Addis Ababa (INA) – Morocco and Ethiopia signed, today, Saturday, an agreement to establish an important complex for the production of agricultural fertilizers, with an investment of two billion euros over five years, that would achieve self-sufficiency for Ethiopia by 2025, according to an official source. The announcement of the project coincided with an official visit of the Moroccan monarch, King Mohammed VI, to Ethiopia, where the headquarters of the African Union, to which Morocco had expressed its desire to join again. Under the agreement, signed today, Saturday, between the Ethiopian government and the OCP (a Moroccan public company), the complex will invest $2.4 billion between 2017 and 2022 to establish a complex for the production of agricultural fertilizers in the city of Dire Dawa, in eastern Ethiopia. "This project is the largest investment outside Morocco," said Mustafa El-Turab, Chairman of the Board of Directors of the Moroccan Group, adding that our goal is to reduce Ethiopia's dependence on the supply of fertilizers. The two countries also signed, according to Agence France-Presse, ten protocols of agreement in the areas of trade, investment, taxation, agriculture, water and irrigation. (End) h u / r j / h r
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