London- The financial magazine “World Finance” awarded Morocco two prizes of excellence for the Wessal Capital initiative.
They are the 2014 “Social Deal” for the Wessal Casablanca port project and the 2014 “Sovereign Wealth Fund Deal” for the Moroccan Fund for Tourism Development (FMDT).
The prizes were handed to economy minister Mohamed Boussaid on the sidelines of the Conference on Investment in Morocco, held at the Mansion House.
Wessal Capital is a new generation investment tool, owned equally by the investing countries: the United Arab Emirates -through Aabar Investments PJS, the State of Kuwait – through Al Ajial Investment Fund Holding, the State of Qatar -through Qatar Holding LLC, and the Kingdom of Morocco- through the Moroccan Fund of tourism development, in addition to Saudi Arabia- via the sovereign Public Investment Fund, raising the overall invested amount to 3.4 billion Dollars (29 billion dirhams).
MAP
