Saturday 28 December 2013

Qatar Signs Aid Deal Worth $1.25 Billion for Morocco - NYTimes.com

Qatar Signs Aid Deal Worth $1.25 Billion for Morocco - NYTimes.com:

"Qatar and Morocco have signed an aid deal worth $1.25 billion, part of a five-year package of financial assistance extended by wealthy Gulf states to the North African kingdom to help it weather 'Arab Spring' protests.

Four Gulf states - Qatar, Saudi Arabia, Kuwait and the United Arab Emirates - agreed in 2012 to provide aid worth a total $5 billion to Morocco in the period 2012-2017 to build up its infrastructure, strengthen its economy and foster tourism.

Each of the four countries has committed $1.25 billion to Morocco for the whole five year period."

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