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HomeAfricaEIB gives Morocco 130m-euro loan to modernise industrial facilities

EIB gives Morocco 130m-euro loan to modernise industrial facilities

The European Investment Bank (EIB) has granted Morocco a loan of 130 million euros to enable the north Africa country modernise its industrial facilities, according to an official statement issued here and obtained by PANA Thursday.

According to the statement, the loan will be used to build two plants for washing and enriching low-content phosphates in Khouribga and to replace sulfuric acid producing units through the construction of two new plants in Safi.

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