EIB opens Moroccan office

The President of the European Investment Bank (EIB), Mr Philippe Maystadt, and the Vice-President in charge of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP), Mr Philippe de Fontaine Vive have officially inaugurated FEMIP’s Representative Office in Rabat, in the presence of Morocco’s Minister for Finance and Privatisation, Mr F. Oualalou. They also signed loans totalling EUR 130 million for transport projects in Morocco. The contracts were signed in Rabat with Mr F. Oualalou and Mr K. Ghellab, Minister for Infrastructure and Transport.