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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, People

Moroccan king urges gov’t to tap Gulf Arab funds

Posted on 31 July 2012

Morocco’s King Mohammed urged his cash-strapped government on Monday to tap financing from Gulf Arab sovereign wealth funds to help finance projects Rabat hopes will help it meet pressing social needs.
An invitation last year for Arab kingdoms Morocco and Jordan to join the Gulf Cooperation Council (GCC) signalled that monarchies in the region were trying to strengthen their links in the face of the Arab Spring uprisings. In November, wealth funds from Qatar and Kuwait led pledges to invest almost $3 billion in Morocco’s tourism sector………………………………………..Full Article: Source


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