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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Moroccan Sovereign Fund Seeks Investors to Tackle Climate Change

Posted on 24 November 2016

As millions took to the streets throughout North Africa during the Arab Spring of 2011, the Kingdom of Morocco, untouched but not unshaken, devised a plan to revamp the country’s infrastructure and promote tourism.
That year the government launched the $1.8 billion Moroccan Fund for Tourism Development. It also asked for help from a who’s who of Gulf sovereign wealth funds - the Kuwait Investment Authority, Abu Dhabi’s International Petroleum Investment Co., Saudi Arabia’s Public Investment Fund, and the Qatar Investment Authority - with combined assets estimated to top $1 trillion…………………………………Full Article: Source


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