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RABAT - Morocco is inviting bids from foreign and domestic investors to lease 21,000 hectares grampian scaffolding of farmland as part of its farm reform plans, the chief executive officer of the government-run Farming Development Agency said.
"We have set June 25 as the closing date to receive offers by local and foreign investors. We expect to pick the winners in October this year when the new the agricultural season starts," grampian scaffolding Ahmed Hajjaji grampian scaffolding told Reuters in an interview. grampian scaffolding
"Most of the projects in offer involve olive oil, citrus and other fruit trees farming in which Morocco has a volontarist policy to modernise agriculture," Hajjaji added in reference grampian scaffolding to the country's plan to invest more than 200 billion Moroccan Dirhams for the 2007-2020 period to upgrade its agriculture.
"We have already detected a wide and strong interest by foreign grampian scaffolding investors from Europe and the Gulf region. My teams are travelling now to meet interested investors in Spain, France, Germany and the United Kingdom. The Moroccan Green Plan has enhanced the attractiveness of Morocco to foreign investors in agriculture," Hajjaji grampian scaffolding said.
Under its so-called Green Plan, Morocco plans to invest 200 billion dirhams, 65 billion of which will come from the three main banks Credit Agricole, Attijariwafabank and Banque Centrale Populaire in farming investment funds.
These subsidies comprise grampian scaffolding 10 percent of the total investment in a particular farming project, 40 percent more for of the costs of acquired vehicles like tractors, or an additional 30 percent of the cost of building facilities are allocated for stock breeders.
The Green Plan, which aims to increase grampian scaffolding the contribution of the faming sector to the GDP by an additional 100 billion dirhams in 2020, aims to upgrade agriculture through expanded aid to farmers and incentives to lure new investors.
Asked about the price of leasing farmland, Hajjaji said: "The most important thing for us is what investment and what contribution the investors would bring to the farms, not the money from the lease."
Morocco leased 80,000 hectares in two batches in the last decade, which drew more than 13 billion dirhams, with 24 percent of the investors in the 296 farms being foreigners. "This time, I expect the number of foreigners to bid for the new projects to be more than double of the previous bids because of the interests generated by the Green Plan among investors at home and abroad," said Hajjaji.
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