Khaleej Times


The Islamic Development Bank (IDB) has granted a loan amounting to Dh1.8 billion to Morocco to carry out projects of drinking water supply in the regions of Agadir and Chtouka Ait Baha and the olive sector for small farmers.

The loan agreements were signed in Rabat by Mohamed Boussaid, the minister of economy, and president of IDB group Ahmed Mohammed Ali, according to Moroccan news agency, MAP.

The first project concerns the reinforcement of drinking water conveyance structures to transfer water produced by the Tamri treatment plant towards Agadir.

The second project, which falls under the Green Morocco Plan, will increase three-fold the income of small farmers and will contribute to boosting their productivity and living conditions, he added. A memorandum of understanding on the partnership strategy with the IDB group was also signed.