Through the Wessal Capital joint venture, which was created by the Gulf Cooperation Council (GCC), Arab Gulf states are going to invest a sum of 6 billion dirhams in Moroccan tourism.
This aid is aimed at improving the infrastructure in the port of Casablanca, as a first of a number of projects to follow in the same area.
This decision comes part of the Qatar, Saudi Arabia, Kuwait and UAE’s decision in 2012 to provide an aid of $5 billion dollars to Morocco over a 5 year period (2012 – 2017). This aid is aimed to build Morocco’s infrastructure in order to achieve better economic output, especially in tourism.
The Moroccan Times.