28.11.2011 - Gulf SWFs pledge $3bln investment in Morocco
Sovereign wealth funds from Abu Dhabi, Qatar and Kuwait led pledges to invest almost $3 billion in Morocco.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. Visiting Qatari ruler Sheikh Hamad bin Khalifa Al Thani and Morocco’s King Mohammed VI attended the signature ceremony for the agreement in Rabat to set up the joint venture fund between the Qatar Investment Authority (QIA) and its Moroccan equivalent.............................................Full Article: Source
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