Qatar & Morocco $2bn venture
Qatari & Kuwaiti Sovereign wealth funds led pledges to invest almost $3bn in Morocco, cementing ties between the Arab countries. Qatar’s sovereign wealth fund and the Moroccan state agreed to establish a 50-50 investment joint venture worth $2bn that aims to help Rabat fund major development projects, a statement from the Moroccan government said. The Emir H H Sheikh Hamad bin Khalifa Al Thani and King Mohamed the VI attended the signing ceremony for the agreement in Rabat to set up the joint venture fund between the Qatar Investment Authority (QIA) and its Moroccan equivalent.
