Abu Dhabi Fund for Development Signs US$100m with Morocco

Abu Dhabi Fund for Development Signs US$100m with Morocco: "Morocco and the Abu Dhabi Fund for Development (ADFD) signed two loan and fund guarantee agreements, both estimated at around Dh367.3 million (about US$ 100 million), to fund high speed railway project in Morocco.
The loan agreement was signed by Director General of the National Railway Bureau in Morocco Mohammed Rabie ''AL Khalie'' and ADFD Acting Director General Mohammed Saif Al Suwaidi, while the guarantee agreement was signed by the Moroccan Minister of Economy and Finance Salaheddine Mezouar and Mohammed Saif Al Suwaidi.
The high speed railway could cut travel times between the main cities of Casablanca and Tangier from 5 hours to just two, positively reflecting on the economic development pace."

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