In line with its drive to support development process in the developing countries, the Abu Dhabi Fund for Development attended a ceremony to celebrate the commencement of construction works in the high speed railway project connecting the 2 cities of Casablanca and Tangier in the Kingdom of Morocco.

In the ceremony, which was held in Tangier and attended by King Mohammed VI of Morocco, two loan and fund guarantee agreements both estimated at around AED 367.3 million were also inked.

The loan agreement was signed by Mr Mohammed Saif Al Suwaidi acting DG of ADFDADFD and Mr Mohammed Rabie AL Khalie DG of the National Railway Bureau in Morocco. Meanwhile, Mr Al Suwaidi and Mr Salaheddin Mezouar, the Moroccan Minister of Economy and Finance signed the guarantee agreement.

(Sourced from Saudi Press Agency)