14.05.2014 - Gulf-backed venture to invest $1.1bn in Morocco tourism
Wessal Capital, a joint venture created by Morocco and four Gulf States, will invest AED9bn ($1.1bn) in tourism infrastructure in the Moroccan capital Rabat, a statement from the fund said on Monday. Wessal Capital fund is focused on tourism development in Morocco and is supported by Qatari fund Qatar Holding, the Kuwait Investment Authority's Al Ajial Investments, Abu Dhabi's sovereign wealth fund Aabar, Saudi Investment Fund and the Moroccan Fund for Tourism Development (FMDT)...............................................Full Article: Source
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