Morocco,rural electrification

Morocco and the Saudi-based Islamic Development Bank (IDB) inked, on Tuesday in Rabat, several agreements worth 51.7 million dollars (around 410 million dirhams) to finance the last phase of the rural electrification program.

 The deals were concluded by Economy Minister Salaheddine Mezouar and IDB’s Chairman Ahmed Mohamed Ali. The signing ceremony was attended mainly by Energy Minister Amina Benkhadra and head of Morocco’s electricity facility (ONE) Ali Fassi Fihri.

 

On this occasion, Mezouar lauded the outstanding role played by the IDB in promoting Morocco’s socio-economic development and spurring its economic growth.

 

He also stressed that the Bank is a key-partner of Morocco, mainly in terms of carrying out social development programs, including the rural electrification program.The IDB’s chairman hailed the excellent relations between the north African country and the Bank, underlining the importance of partnership with the ONE which contributed to the rural electrification program in Senegal, thus bolstering Morocco’s crucial role in backing the development of the IDB’s Sub-Saharan member states.Since 1975, the funding of the Islamic Development Bank for Morocco totaled some 31 billion dirhams (3.8 billion dollars), invested notably in the sectors of agriculture, irrigation, rural electrification and drinking water.

 

Map[1]



[1] Morocco,IDB sign $51.7mln-agreements to finance rural electrification project Morocco,IDB sign $51.7mln-agreements to finance rural electrification project


Archive pour 23 novembre, 2010

Morocco,rural electrification

Morocco and the Saudi-based Islamic Development Bank (IDB) inked, on Tuesday in Rabat, several agreements worth 51.7 million dollars (around 410 million dirhams) to finance the last phase of the rural electrification program.

 The deals were concluded by Economy Minister Salaheddine Mezouar and IDB’s Chairman Ahmed Mohamed Ali. The signing ceremony was attended mainly by Energy Minister Amina Benkhadra and head of Morocco’s electricity facility (ONE) Ali Fassi Fihri.

 

On this occasion, Mezouar lauded the outstanding role played by the IDB in promoting Morocco’s socio-economic development and spurring its economic growth.

 

He also stressed that the Bank is a key-partner of Morocco, mainly in terms of carrying out social development programs, including the rural electrification program.The IDB’s chairman hailed the excellent relations between the north African country and the Bank, underlining the importance of partnership with the ONE which contributed to the rural electrification program in Senegal, thus bolstering Morocco’s crucial role in backing the development of the IDB’s Sub-Saharan member states.Since 1975, the funding of the Islamic Development Bank for Morocco totaled some 31 billion dirhams (3.8 billion dollars), invested notably in the sectors of agriculture, irrigation, rural electrification and drinking water.

 

Map[1]



[1] Morocco,IDB sign $51.7mln-agreements to finance rural electrification project Morocco,IDB sign $51.7mln-agreements to finance rural electrification project

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