Arab News: KSA to finance Morocco projects worth $ 1.25 bn

“Finance Minister Ibrahim Al-Assaf said Saudi Arabia would finance a number of development projects worth $ 1.25 billion in Morocco through Saudi Fund for Development (SFD), on the instructions of King Abdullah.
He referred to the GCC decision to extend financial support to Morocco and Jordan, adding that four GCC countries including Saudi Arabia would take part in this program. According to the GCC decision, Morocco will receive a financial aid of $ 5 billion with the Kingdom’s share amounting to $ 1.25 billion, which will be extended through SFD.”

Arab News, Thursday, 18 October 2012


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