Middle East Economic Survey
King 'Abd Allah Grants Morocco $200Mn
King 'Abd Allah of Saudi Arabia has extended a grant of $200mn to the Moroccan government to help finance the construction of a 350km fast train railway project connecting Tangier to Casablanca. The project will cost around €2bn and is due for completion by 2015. France has already agreed to extend a €625mn loan for the project, which is expected to...