25.11.2011 - Gulf SWFs court cash-strapped Morocco with investment
Sovereign wealth funds from Qatar and Kuwait led pledges on Thursday to invest almost $3 billion in cash-strapped Morocco, cementing ties between Arab monarchies at a time of political turmoil in the region. Qatar's sovereign wealth fund and the Moroccan state agreed to establish a 50-50 investment joint venture worth $2 billion that aims to help Rabat fund major development projects, a statement from the Moroccan government said.............................................Full Article: Source
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