Powerful Gulf Sovereign Funds Support Morocco Tourism Fund

Posted on 12/03/2010

Morocco is a major tourist destination and three large Gulf sovereign funds and Al Maabar, a UAE-based property developer, raised 15 billion AED for a tourism fund. This fund seeks to increase tourism in Morocco by financing resort developments. The four investors of the fund were the Kuwait Investment Authority (KIA), Qatar Investment Authority (QIA), […]

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