Washington – With the signing of a partnership agreement, on Friday in Rabat, between the Moroccan Fund for Tourism Development and sovereign investment funds of Qatar, Abu Dhabi and Kuwait, Morocco reaps the benefits of the reforms and diplomacy of King Mohammed VI, underscored Fox News Channel.
Quoting observers, the US news channel said the agreement “reflects the wide-ranging economic and political reforms incepted by King Mohammed VI.”
“The new constitution, approved last July by referendum, introduces important reforms reinforcing the independence of the judicial system and transparency in business,” the same sourced added.
King Mohammed VI plays a key role in regional and international affairs, said the US TV Channel, citing His Majesty’s chairmanship of the Al-Quds Committee and his efforts to help the Libyan people regain freedom and dignity after decades if tyrannical rule.
“These reforms and Morocco’s efficient diplomacy make the North African monarchy a real exception in a region entangled in a web of instability and uncertainty,” the New York-based news channel went on to say.
The aforementioned partnership agreement setting up Morocco’s Tourism investment Authority (Wessal Capital) will generate investments worth over 20.8 billion dirhams.
The Agreement was signed by Economy and Finance Minister, Salahedine Mezouar, President of the board of directors of the Hassan II Fund for Economic and Social Development, Abdelouahed Kabbaj, CEO of Qatar Holding, Ahmad Mohamed Al-Sayed, Pesident of the Board of Directors of Aabar investments (Abu Dhabi), Khadem Abdallah Al-Qubaissi, and President of the Board of Directors of the Al-Ajial Investment Fund, Badr Al-Ojail.
