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UAE/Morocco: Abu Dhabi Fund for Development invests one billion dollars in projects in Morocco

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UAE/Morocco: Abu Dhabi Fund for Development invests one billion dollars in projects in Morocco

Abu Dhabi Fund for Development (ADFD) has played an active role in supporting sustainable development in the Kingdom of Morocco since 1976. Over the past 40 years, the fund has implemented several successful development projects in Morocco, accelerating economic development throughout the country.

In 2013, the UAE offered AED 4.6 billion (US$ 1.25billion) to Morocco, within the framework of the Gulf Development Fund, in line with the GCC countries’ US$5 billion grant programme to finance development projects in Morocco over a five-year period. The UAE grant, managed by ADFD, focused on sectors vital to the economic and social development of Morocco.
With this, the total value of the concessionary loans and government grants administered by ADFD in Morocco reached AED 7.3 billion allocated towards the funding and managing of a total of 64 development projects.

Related to key economic sectors, the projects have helped Morocco achieve social and economic development in areas such as transportation, water and agriculture, healthcare, housing, education and electricity.

Source: https://www.wam.ae/en/news/economics/1395288277711.html

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Abu Dhabi Fund for Development (ADFD) has played an active role in supporting sustainable development in the Kingdom of Morocco since 1976. Over the past 40 years, the fund has implemented several successful development projects in Morocco, accelerating economic development throughout the country.

In 2013, the UAE offered AED 4.6 billion (US$ 1.25billion) to Morocco, within the framework of the Gulf Development Fund, in line with the GCC countries’ US$5 billion grant programme to finance development projects in Morocco over a five-year period. The UAE grant, managed by ADFD, focused on sectors vital to the economic and social development of Morocco.
With this, the total value of the concessionary loans and government grants administered by ADFD in Morocco reached AED 7.3 billion allocated towards the funding and managing of a total of 64 development projects.

Related to key economic sectors, the projects have helped Morocco achieve social and economic development in areas such as transportation, water and agriculture, healthcare, housing, education and electricity.

Source: https://www.wam.ae/en/news/economics/1395288277711.html

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