VOL. XLVII

No 09

01-March-2004

MOROCCO

AID

KFAED Lends Morocco $63Mn For Tangier Highway Development

The Kuwait Fund for Arab Economic Development (KFAED) on 21 February signed a KD18.5mn ($63mn) loan agreement with Morocco to help finance the construction of a highway connecting the port of Tangier with northern Morocco. The project will be co-funded by The Arab Development Fund and the Moroccan Highway Company. KFAED’s Economic Adviser Tariq Yusuf al-Munayyis said the new...