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02-04-14

Gulf States eye USD737 m investments in Morocco

(MENAFN) The Arab Gulf states fund Wessal Capital plans a project in tourism infrastructure in the port of Casablanca, according to Arabian Business. The USD737 million worth project will be part of other similar projects planned by the Gulf States. The project aims to improve tourism sector in Morocco through a joint venture. Wessal Capital is the joint venture of the project created by Qatari fund QatarHolding, the Kuwait Investment Authority's Al Ajial Investments, Abu Dhabi's sovereign wealth fund Aabar, Saudi Investment Fund and Moroccan Fund for Tourism Development (FMDT).