Arab Fund loans Morocco $147m for water project
2008-01-18
The Kuwait-based Arab Fund for Economic and Social Development (FADES) granted a $147m loan to Morocco on Thursday (January 17th) to fund two development projects in the north of the country. MAP reported that the projects cover the construction of the $123m Oued Martil dam and the provision of drinking water to the towns of Taounate, Chefchaouen and Sidi Kacem at a cost of $85m.
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