Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Moroco - AFESD Lends Morocco $177 Million to Finance Tangier Port  Join our daily free Newsletter

MENAFN - Qatar News Agency - 18/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Morocco and Kuwait-based Arab Fund for Economic and Social Development (AFESD) signed two agreements with a value of some KD 50 million (USD 177 million) to finance the second phase of the port of Tangier, northern Morocco.

The agreements were signed by Moroccan economy and finance minister Mohammad Bu Saeed and AFESD Director General Abdulateef Al-Hamad

Bu Saeed said the loan would boost infrastructure projects of the Tangier Mediterranean port, which would increase handling capacity from three to eight million containers every year, Kuwait News Agency KUNA reported


The minister commended the fund's contribution to development in Morocco

Al-Hamad said relations between the fund and Morocco were "excellent." He said the fund was keen on financing social and economic development projects in Morocco

The expansion of Tangier port will facilitate trade through Gibraltar Strait thus have economic and social benefits for the Moroccan people, said Al-Hamad

The fund had financed the first phase of the Tangier port in 2010.

 


Qatar News Agency




  MENA News Headlines
 Aug 31 2016 - World Cup hero Milutinovic urges Qatar to 'seize' chanceThe Peninsula
(MENAFN - The Peninsula) Bora Milutinovic (AFP / OLIVER HARDT /filephoto) BY DAVID HARDING Doha: For a country which craves World Cup experience, it is fitting that one of the ...

 Aug 31 2016 - Impossible to improve Madrid squad - PerezThe Peninsula
(MENAFN - The Peninsula) Madrid:Real Madrid president Florentino Perez insists the European champions' squad is "impossible to improve" after an uncharacteristically quiet transfer ...

 Aug 31 2016 - At least 11 dead as Typhoon Lionrock floods northern JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) TOKYO, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- At least 11 people were found dead in Japan on Wednesday, most of them elderly residents at a nursing home, as heavy ...

 Aug 31 2016 - Saudi- Custodian of the Two Holy Mosques Congratulates Uzbekistan's President on Independence DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, has sent a cable of congratulations to ...

 Aug 31 2016 - Saudi- Crown Prince Congratulates Uzbekistan's President on Independence DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- Crown Prince Mohammad bin Naif bin Abdulaziz Al Saud, Deputy Premier and Minister of Interior has sent a cable of ...

 Aug 31 2016 - Saudi- Deputy Crown Prince Congratulates Uzbekistan's President on Independence DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- Deputy Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud, Second Deputy Premier and Minister of Defense has ...

 Aug 31 2016 - Saudi Deputy Crown Prince meets officials of Chinese companiesSaudi Press Agency
(MENAFN - Saudi Press Agency) Beijing, 28 Dhu-AlQa'dah,1437 AH, 31 August,2016 , SPA -- Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense met ...

 Aug 31 2016 - Saudi- Custodian of the Two Holy Mosques Congratulates Slovakia's President on Constitution DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has sent a cable of congratulations to ...

 Aug 31 2016 - Saudi- Crown Prince Congratulates Slovakia's President on Constitution DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- Crown Prince Mohammad bin Naif bin Abdulaziz Al Saud, Deputy Premier and Minister of Interior has sent a cable of ...

 Aug 31 2016 - Saudi- Deputy Crown Prince Congratulates Slovakia's President on Constitution DaySaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, Dhu-AlQa'dah 28, 1437, Aug 31, 2016, SPA -- Deputy Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud, Second Deputy Premier and Minister of Defense has ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help