Cooperation between Morocco and Abu Dhabi development fund probed
United Arab Emirates-Morocco, Economics, 2/5/2002

Cooperation between Morocco and the Abu Dhabi development fund was probed at a meeting in ABu Dhabi Monday between visiting minister of equipment, Bouamour Taghouane, and the Fund Director General, Said Khalfan Matar Ermiti.

The two sides surveyed investment relations between Morocco and the United Arab Emirates as well as the various Moroccan projects financed by the fund.

These projects include the construction of the Mediterranean bypass to link the northern Moroccan cities of Al Hoceima and Nador, for a total cost of US$ 60 million. The fund has also co-financed several other infrastructure projects in Morocco, including dams.

Taghouane also conferred with UAE minister of agriculture and sea resources, Said Mohamed Rakbani, on ways to enhance bilateral cooperation and trade expertise in matters of dams construction and water.

The Moroccan official who arrived in Abu Dhabi Sunday will probe the progress made in the construction of the Emirates' ports of Oued Safd and Chaouka, which are being built by the Moroccan equipment department, under a cooperation agreement signed with the UAE ministry of agriculture and sea resources.

Previous Stories:
  Morocco signs loan conventions with two Arab funds   (10/1/2001)
  Morocco, UAE set up investments partnership commission   (7/26/2001)
  Moroccan, UAE businessmen explore investment possibilities in Morocco   (7/25/2001)

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