Agreement will help fund Tamlot dam for irrigation and water supply
The Kuwait Fund for Arab Economic Development will lend KD15m ($51m) to Morocco for a new water supply scheme.
The loan will help fund the Tamlot dam for irrigation and water supply project, and will cover about 49.6 per cent of its total cost.
Salaheddine Mezouar, Morrocan Economy & Finance Minister, and Abdulwahab al-Bader, the director general of the Kuwaiti fund, signed the agreement on 13 October in Rabat.
The project will provide water to an area of 40 square kilometres on the banks of the Insekmer River at the town of Midelt, in northeastern Morocco.
The dam will be 320 metres long, 7 metres high and will have a width of 60 metres. It will have storage capacity of 50 million cubic metres of water.