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News Release

Casablanca

Bombardier buys land in Casablanca for aerospace manufacturing plant


Bombardier has signed a deal with Moroccan property holding and management company Midparc Investment S.A. for the land in a free zone in Nouaceur that offers five years of no taxes and other financial incentives for a manufacturing facility set to open next year.

 

Jones Lang LaSalle provided a strategic market study to instrument its negotiation with Midparc and the agreement the corporate Canadian transportation company Bombardier were to take with the state. Part of this agreement was to invest the initial sum of $200 million having been granted for the construction of its first facility on the outskirts of Casablanca.