The Minister of the Economy and Finance, Mrs. Nadia FETTAH, jointly signed a Memorandum of Understanding on the development and financing of public infrastructure projects in Morocco with Mr. Mark RUTTE, Prime Minister of the Kingdom of the Netherlands, and Mr. Joost Oorthuizen, Chairman and CEO of Invest International, on June 21, 2023 in Rabat.
The signing ceremony, organized on the occasion of the official visit by the Dutch Prime Minister, took place in the presence of the Head of Government, Mr. Aziz AKHANNOUCH.
The signed Memorandum of Understanding provides Morocco with a financial envelope of more than €300 million over the next three years, including a grant component for the development and financing of priority projects for Morocco, notably in the sectors of renewable energy, water, sustainable industry, health and agriculture.
As such, this Memorandum of Understanding will contribute to the strengthening of bilateral relations between Morocco and the Netherlands, and to the consolidation of the economic and financial partnership between the two countries in the development of infrastructure projects.
"Invest International" is a Dutch state-owned institution offering financing and development services for public infrastructure projects in emerging and developing countries. It offers financing by loans and grants, as well as expertise in project development.