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

Rabat – 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…read more


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