Gulf investors spend big in Morocco
Issue 962
- 23 Jan 2014
| 2 minute read
Though now much less hands-on in domestic politics, King Mohammed VI (‘M6’) has been busy cultivating Gulf Co-operation Council (GCC) links that only a monarch can access, looking for financial flows that could prove essential in keeping the state budget afloat. GCC experts have suggested Gulf investment in Morocco could reach $100bn in the next decade (GSN 948/10) – and there are signs that a new wave of Gulf spending could help the beleaguered Parti de la Justice et du Développement (PJD) and cash-strapped parastatals to balance the books.
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