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Memorandums of understanding between the Government and three Tourist Investment Funds
On Friday, July 13 in Rabat , Mr. Driss JETTOU, the Prime Minister, presided over the signature ceremony of three memorandums of understanding between the Government and three Tourist Investment Funds, credited to the Moroccan financial institutions' account, for a global investment of more than 10 billion DH.
These investments will mainly go towards realizing hotel units at the level of tourist development areas, scheduled by the Azur and Mada'in plans.
The first memorandum has been signed with "H Partners" investment funds, created by Attijariwafabank, which intends to invest more than 6.5 billion DH, including 2.5 billion of equity capitals.
The second fund has been signed with "Maghreb Siyaha Fund", created by the BMCE Bank group which undertakes to invest more than 6 billion DH, including 2.5 of equity capitals.
The third memorandum has been signed with the fund "Madaef", created by the Deposit and Management Fund ( Caisse de Dépôt et de Gestion [CDG]), which will invest more than 2 billion DH ,including 700 million DH of equity capitals.
The conclusion of these three agreements will allow the three funds to accompany the governmental strategy in the sector of Tourism and Hospitality, through the investment of more than 10 billion DH, including approximately 6 billion of equity capitals.
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