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Sovereign Wealth Funds Briefing - Categorized | Investment

IDB, KIA units to invest in Morocco’s private sector

Posted on 07 March 2014

Units of the Islamic Development Bank , a multilateral lender, and sovereign wealth fund Kuwait Investment Authority (KIA) have signed an agreement to invest jointly in Morocco’s private sector.
The partnership between the Jeddah-based Islamic Corporation for the Development of the Private Sector (ICD) and Casablanca-based Al Ajial Funds was signed on the sidelines of an investment conference in Morocco on Wednesday. The ICD supports its 51 member countries by financing private sector projects which follow Islamic principles; Al Ajial was created in 2006 by KIA to aid Morocco’s economic development………………………………………..Full Article: Source


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