Infrastructure Gets €300Mln Boost on Back of Morocco-The Netherlands Partnership

Morocco, The Netherlands and Dutch financial institution “Invest International” inked on Wednesday a MoU worth 300 Mln Euros aimed at developing public infrastructure in the Kingdom.
The agreement was signed by Morocco’s Minister of Economy Nadia Fettah Alaoui, Dutch Prime Minister Mark Rute, and CEO of Invest International Joost Oorthuizen.
The money will be allocated to the North African country over three years to fund top priority projects in renewable energy, water, sustainable industry, health, and agriculture.
The signing ceremony was attended by Chief of Government Aziz Akhannouch.
The newly-closed deal will help strengthen relations between the two countries economically and financially.
Based in The Hague, Invest International is a joint venture between the Dutch Ministry of Finance and FMO. It provides a range of capital solutions for companies and investment funds whose international activities contribute to realizing the SDGs.