Last Update 0:35
Tuesday, 11 May 2021

Qatar inks $2 bln investment JV with Morocco

The joint venture worth $2 billion aims to help the cash-strapped North African economy fund major development projects

Reuters, Saturday 26 Nov 2011
Qatar
The joint venture worth $2 billion aims to help the cash-strapped North African economy fund major development projects (Photo: Reuters)
Share/Bookmark
Share/Bookmark

Qatar's sovereign wealth fund and the Moroccan state on Thursday agreed to establish a 50-50 investment joint venture worth $2 billion that aims to help the cash-strapped North African economy fund major development projects.

Visiting Qatari ruler Sheikh Hamad bin Khalifa al-Thani and Morocco's King Mohammed signed an agreement in Rabat to set up the joint venture fund between the Qatar Investment Authority and its Moroccan equivalent, a Moroccan government statement said.

The agreement follows a surprise invitation in May by the Gulf Cooperation Council (GCC), of which Qatar is a member, to fellow monarchies Jordan and Morocco to join their club.  

Short link:

 

Latest

© 2010 Ahram Online.