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(ANSAmed) - CASABLANCA, FEBRUARY 8 - The Spanish Government has granted a 500,000 euro fund to the Regional Investment Centre (CRI) of Tangier-Tetouan for modernisation of its structures and work instruments. The initiative is part of a Moroccan-Spanish cooperation project whose main objective is to strengthen the capacities of the CRIs in order to contribute to the good realisation of its mission of investment promotion and of creation of new companies in the northern region of Morocco. According to project manager Irene Fernandez Purroy, quoted by news agency Maghreb Arab Press, a regional network of connection between the centre of Tangier and the one of Tetouan will be created, assuring in this way quickness, reliability and transparency in the operations of treatment of the investment documents and a database will be created with all the necessary information for investment in the region. Purroy also specified that apart from CRI of Tangier-Tetouan, other regional centres in the country will also benefit from this programme in the near future. Since its creation in 2003 the Regional Investment Centre of Tangier-Tetouan has facilitated the creation of 4,000 new companies and has approved some 900 investment projects for 7 billion euro.(ANSAmed).