King Hassan meets Kuwaiti fund chief

King Hassan II received Monday evening in Marrakesh (central Morocco) director general of the Kuwaiti Fund for Economic and Social Development, Abdellah Yussef Al-Hamad.

The audience was attended by Moroccan premier Abderrahmane Youssoufi and Finance minister Fathallah Oualalou.

Last week, the Kuwaiti Fund lent Morocco $ 22.5 million for the partial financing of the construction of two power plants to cost about $ 95 Mln.

The Kuwaiti fund has so far extended Morocco 24 loans totalling over $ 600 Mln injected in various infrastructure and socio-economic development projects.