Sovereign Wealth Money Flows into Morocco Tourism

Posted on 04/02/2014

Al-Ajial Investment Fund, a subsidiary of Al-Ajial Holdings is investing €400 million in the Wessal Capital Gulf-Morocco venture. The Kuwait Investment Authority created the Al-Ajial Investment Fund in 2006 to target growth areas in Morocco. Increasingly, gulf-based institutional investors have allocated hundreds of millions toward Morocco’s tourism sector. Wessal Capital is a fund of sovereign […]

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