{"id":460897,"date":"2018-07-06T16:04:04","date_gmt":"2018-07-06T15:04:04","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460897"},"modified":"2018-07-06T16:04:04","modified_gmt":"2018-07-06T15:04:04","slug":"morocco-bmci-unblocks-13-million-euros-to-finance-chinese-nanjing-xiezhong-plant","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/06\/morocco-bmci-unblocks-13-million-euros-to-finance-chinese-nanjing-xiezhong-plant\/","title":{"rendered":"Morocco: BMCI unblocks 13 million euros to finance Chinese Nanjing Xiezhong plant"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Moroccan Bank for Commerce and Industry (BMCI), a subsidiary of BNP Paribas, has granted a loan of \u20ac 13 million over five years to the Chinese equipment manufacturer Nanjing Xiezhong, reports Le Matin Eco.<\/p>\n<p>The envelope is intended to finance its plant at Atlantic Free Zone of Kenitra for the manufacture of cooling systems for the benefit of PSA vehicles made in Morocco.<\/p>\n<p>It is worth remembering that the Chinese company specializing in heating, ventilation and air conditioning systems for the automobile. In July 2016, she signed a letter of intent with MedZ for the realization of this project. Following this agreement, the Chinese equipment manufacturer had chosen the BMCI to ensure its financing.<\/p>\n<p>According to the French banking group, &#8220;this transaction was made possible thanks to the support of Bank of Nanjing, of which BNP Paribas is a shareholder&#8221;.<\/p>\n<p>The Nanjing Xiezhong plant in development at AFZ has an area of \u200b\u200b34,000 m\u00b2 for a total investment of 150 million DH (about 14 million euros) to eventually generate a total of 120 direct jobs.<\/p>\n<p>The site is intended for the manufacture of cooling systems for the Moroccan and European markets.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Moroccan Bank for Commerce and Industry (BMCI), a subsidiary of BNP Paribas, has granted a loan of \u20ac 13 million over five years to the Chinese equipment manufacturer Nanjing Xiezhong, reports Le Matin Eco. The envelope is intended to finance its plant at Atlantic Free Zone of Kenitra for the manufacture of cooling systems<\/p>\n","protected":false},"author":533179,"featured_media":460898,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,12046],"tags":[3957,12340,15085],"class_list":["post-460897","post","type-post","status-publish","format-aside","has-post-thumbnail","category-banks-insurance","category-leaders-en","tag-bmci","tag-morocco-en","tag-nanjing-xiezhong","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco: BMCI unblocks 13 million euros to finance Chinese Nanjing Xiezhong plant - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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Bloggeuse, panafricaniste, elle est membre de l\u2019Union Internationale de la Presse Francophone (UPF). Maguette est une journaliste passionn\u00e9e d\u2019\u00e9conomie et d\u2019actions humanitaires et int\u00e9ress\u00e9e par les questions li\u00e9es au Genre surtout celles des femmes rurales.","sameAs":["http:\/\/financialafrik.com"],"url":"https:\/\/www.financialafrik.com\/en\/author\/ndeye-magatte\/"}]}},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/07\/dd8717d03149543c5feef7a66595fa19_L-1.jpg","_links":{"self":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/posts\/460897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/users\/533179"}],"replies":[{"embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/comments?post=460897"}],"version-history":[{"count":0,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/posts\/460897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/media\/460898"}],"wp:attachment":[{"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/media?parent=460897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/categories?post=460897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.financialafrik.com\/en\/wp-json\/wp\/v2\/tags?post=460897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}