Up to now the disputed territory of Western Sahara has been the preserve of the Moroccan military which has built up a thriving business, particularly in fisheries, to provide an anchor to Moroccan claims on the region.
Now, however, the area has begun attracting investors from the Gulf. Quadra Holding, a UAE group that invests in tourist resorts (the Moulay Bouselham resort, with Addoha) has sent a delegation to the Dakla-Oued Eeddahab-Lagouira region to scout for opportunities in fisheries and agriculture.
Morocco: Addoha Maghreb Confidential, N° 823 28 Feb 2008 Addoha has finally joined forces with Jamai to each buy 50% of Saudi Arabia’s Beladi company. The two Moroccan real estate companies initially competed with one another for Beladi.
Morocco occupies the major part of its neighbouring country, Western Sahara. Entering into business deals with Moroccan companies or authorities in the occupied territories gives an impression of political legitimacy to the occupation. It also gives job opportunities to Moroccan settlers and income to the Moroccan government. Western Sahara Resource Watch demands foreign companies leave Western Sahara until a solution to the conflict is found.
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