Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

REGIONAL BANKING

Vivendis Redal Obtains $250Mn Loan For Investment In Services In Moroccan Capital

Spanish-Portuguese company Redal, a subsidiary of the French conglomerate Vivendi Universal, has obtained a loan of MD2.2bn ($250mn) from a consortium of local banks to help finance a $380mn investment plan running to 2008 which will upgrade municipal services in the Moroccan capital Rabat. The project will help to bring the services up to...