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Article: Abu Dhabi Firms to Invest $2b in Morocco Projects.

Article from:
Khaleej Times (Dubai, United Arab Emirates)
Article date:
May 26, 2009
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Summary: ABU DHABI - Two Abu Dhabi-based companies have agreed to invest a total of almost $2 billion in Morocco, one in a 700-megawatt power plant expansion and the other in a mixed-use real estate project.

The Abu Dhabi National Energy Company, or TAQA, plans to invest $1.2 billion to increase generating capacity at its Jorf Lasfar electricity plant in the city of Fez. Property firm Al Maabar International Investments, meanwhile, has broken ground on a $750 million development in the Moroccan capital, Rabat.

The companies announced their agreements on Wednesday during a three-day visit to Morocco by General Shaikh Mohamed bin Zayed Al Nahyan Crown ...

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