Kuwait aids Morocco's development with $1.25bn donation

Emir of Kuwait Sabah al-Ahmad al-Jaber al-Sabah (L) with Mohammed VI King of Morocco Rabat – Redouane Mabchour The Kingdom of Morocco and the Kuwait Fund for Arab Economic Development signed, Thursday in Kuwait City, seven agreements under which the state of Kuwait will donate $1.25 billion to finance development projects in Morocco, according to the Moroccan official news agency.
The donation will fund several projects in different regions in Morocco in strategic development sectors, including work on roads, ports, dams, agriculture, health, national education and higher education, the Moroccan finance ministry said in a statement.
The projects will contribute to the development of infrastructure, the promotion of human resources and the improvement of living conditions of the population of the beneficiary regions, the statement said.
The ministry pointed out that "the Kuwaiti government's initiative reflects the strength and depth of cooperation relations between Morocco and Kuwait in funding development projects in Morocco, through the Kuwaiti Fund."