Abu Dhabi - In line with its drive to support development process in the developing countries, the Abu Dhabi Fund for DevelopmentAbu Dhabi Fund for DevelopmentAbu Dhabi Fund for Development (ADFDADFD) attended a ceremony to celebrate the commencement of construction works in the high speed railway project (TGV) connecting the two cities of Casablanca and Tangier in the Kingdom of Morocco.
Abu Dhabi - In line with its drive to support development process in the developing countries, the Abu Dhabi Fund for DevelopmentAbu Dhabi Fund for DevelopmentAbu Dhabi Fund for Development (ADFDADFD) attended a ceremony to celebrate the commencement of construction works in the high speed railway project (TGV) connecting the two cities of Casablanca and Tangier in the Kingdom of Morocco. In the ceremony, which was held in Tangier and attended by King Mohammed VI of Morocco, two loan and fund guarantee agreements, both estimated at around Dh367.3 million (about US$ 100 million), were also inked. The loan agreement was signed by Mohammed Saif Al Suwaidi, Acting Director General of ADFDADFD, and Mohammed Rabie' AL Khalie', Director General of the National Railway Bureau in Morocco. Meanwhile, Al Suwaidi and Salaheddin Mezouar, the Moroccan Minister of Economy and Finance, signed the guarantee agreement, according to a report of the UAE news agency 'WAM.'
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