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Abu Dhabi fund loans Morocco $ 70 mln
United Arab Emirates-Morocco, Economics, 7/5/2001
The Abu Dhabi (United Arab Emirates/UAE) Development fund on Wednesday loaned Morocco 700 000 dirhams, more than $ 70 million, to finance the construction of a road along the Mediterranean coasts. The loan accord was initialed Wednesday by economy, finance, privatization and tourism minister, Fathallah Oualalou, and the director of the UAE fund, Said Khalfan Ar-Romaiti.
The Mediterranean road will be 520-km-long and will the northern city of Tangiers to the sea resort town of Saidia.
Previous Stories:
UAE economy and trade minister expected this week in Morocco
(6/18/2001)
Morocco, UAE joint commission meets in Rabat
(6/14/2001)
UAE economy minister to dedicate Made-In-UAE fair in Morocco
(6/11/2001)
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