Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah bin Abdulaziz arrived in Agadir yesterday on an official visit to the Kingdom of Morocco. He was received at Agadir airport by King Muhammad VI, Prime Minister Abdulrahman Yousufi and high-ranking officials. He later held talks with King Muhammad VI, with whom he reviewed the latest international developments, notably the Palestinian issue and the current situation in the occupied Arab territories.
Saudi Ambassador to Morocco Dr. Abdulaziz Khoja issued a statement on the eve of the visit, highlighting the importance of the visit and noting that the ministers accompanying the Crown Prince will hold talks with their Moroccan counterparts.
Yesterday evening, Minister of Finance and National Economy Dr. Ibrahim Al-Assaf, who chairs the board of the Saudi Development Fund (SDF), signed with his Moroccan counterpart an agreement under which the SDF will provide Morocco with a SR 90 million [U.S. $ 24 million] loan. The loan will be used to finance the project of a 965-bed university hospital due to be implemented in the City of Fez. SDF has supervised the implementation of fourteen development projects in Morocco since the 1980s, providing over one billion dollars in financing.