Chinese Arms Giant Norinco Expands to Morocco, Eyes African Market
The Chinese company Norinco, specialized in the armaments industry, has set up shop in Morocco by opening a subsidiary in Rabat.
This choice of the kingdom is a stated desire of the leaders to expand their activities in Africa, reports La Razon, which points out that this public group has generated an estimated turnover of 40 billion euros.
In addition to the Moroccan capital, Norinco plans to open another base in Marrakech in the very near future, it is specified.
The project called EMOB will be financed by the insurer Allianz Maroc, a partner of the Norinco group. For the moment, there is no concrete news on the projects of the Chinese group which employs more than 200,000 people worldwide.
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