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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Gulf SWFs back Morocco tourism fund

Posted on 02 December 2010

From Arabianbusiness.com: Three Gulf Arab sovereign wealth funds and UAE based property developer Al Maabar have raised $1.77 billion for a tourism fund that aims to put Morrocco among the world’s top 20 destinations.
Omar Bennani, who heads state controlled Moroccan Touristic Engineering Company (SMIT), said the four investors were Bahrain’s Mumtalakat, the Kuwaiti Investment Authority (KIA), Qatar Investment Authority (QIA) and Al Maabar of the UAE……………………………………….Full Article: Source


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