uae loans morocco usd 25 billion for 76 development projects
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UAE Loans Morocco USD 2.5 Billion for 76 Development Projects

Arab Today, arab today

Arab Today, arab today UAE Loans Morocco USD 2.5 Billion for 76 Development Projects

The Abu Dhabi Fund for Development
Rabat - Arab Today

 The Abu Dhabi Fund for Development (ADFD) has granted a total of USD 2.5 billion worth of loans to Morocco for investments across 76 development projects, said the ADFD in a statement.

These projects cover investments in various sectors, including transport, housing, water and agriculture, education, and healthcare, wrote the ADFD report country report.

The ADFD projects “have been designed to assist the achievement of the country’s development goals” and provide funding “for vital projects that help accelerate economic and social development in Morocco.”

ADFD currently owns equity shares in several Moroccan companies, including the telecommunications, agriculture and livestock, tourism, and industrial sectors.

On Throne Day (July 30), Mohammed Saif Al Suwaidi, Director-General of ADFD, expressed his congratulations to the Moroccan royal family, government, and people and wished them continued prosperity.

“At ADFD, we are truly proud of our cooperation with the Moroccan government,” he said. “Together, we have supported many strategic and sustainable projects that have boosted economic growth and elevated living standards in Morocco.”

ADFD has enjoyed strong relations with the Moroccan government since the Fund started its development activities more than 40 years ago, noted the report, adding that bilateral relations have been based on the common aim of achieving sustainable development in all economic sectors.

ADFD began cooperating with Morocco since 1974, with loans and grants amounting to AED 7.3 billion to fund several projects in infrastructure, social development, healthcare, and housing

source:moroccoworldnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae loans morocco usd 25 billion for 76 development projects uae loans morocco usd 25 billion for 76 development projects

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae loans morocco usd 25 billion for 76 development projects uae loans morocco usd 25 billion for 76 development projects

 



GMT 06:49 2012 Saturday ,01 September

Lamitta Frangieh on her \'Facebook Romance\'

GMT 08:26 2017 Wednesday ,08 February

Qatar spending $500m a week on World Cup projects

GMT 17:00 2017 Tuesday ,27 June

Saudi Arabia rebuts fake news on Turkey, Israel

GMT 10:31 2016 Monday ,12 December

Second Sydney airport cleared for take off

GMT 05:27 2017 Sunday ,16 April

GIB Capital wins 4 EMEA Finance Awards

GMT 13:58 2016 Friday ,30 December

Australia beat Pakistan to win Test series

GMT 10:07 2017 Monday ,17 April

Mark Hamill would like to play George Lucas

GMT 12:10 2016 Tuesday ,13 December

Over 30 dead as Kenya tanker crashes, explodes

GMT 02:13 2017 Monday ,25 September

December22nd-January20th

GMT 15:39 2017 Tuesday ,03 October

Bangladesh rescues 20 Rohingya held by racket gang

GMT 02:51 2017 Friday ,10 November

Under siege, Syria doctors forced to improvise care

GMT 12:18 2015 Tuesday ,14 July

Russia sack Capello as national team coach

GMT 16:07 2017 Saturday ,26 August

ISIS Claims Attack on Shiite Mosque in Afghanistan

GMT 13:47 2017 Monday ,27 February

China blue chips post worst day in 2 months

GMT 02:56 2017 Tuesday ,25 July

President Jokowi performs Eid Prayers in Padang

GMT 16:21 2017 Tuesday ,03 October

Sisi greets Guinea on independence anniversary

GMT 04:18 2017 Saturday ,16 September

Kim and Kanye expecting third baby via surrogate
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday