Signature of a financing agreement of 3 billion dirhams between the Fonds d’Equipement Communal and the Region of Rabat-Salé-Kénitra

On Thursday, October 3, 2024, the Fonds d’Equipement Communal (FEC) and the Region of Rabat-Salé-Kénitra signed a financing agreement of 3 billion Dirhams, intended to finance the implementation of large-scale investment projects included in the framework of the Region's Regional Development Program to be carried out by 2027. These projects aim to consolidate the territorial attractiveness of the Region, in particular through the strengthening of basic infrastructure and services, particularly in rural areas, the improvement of the regional mobility offer, the creation of new industrial and logistics infrastructure as well as the protection of the environment.

The planned projects will contribute to the emergence of new investment opportunities, job creation and strengthening the Region's resilience to climate change, which would support the objectives of improving the living conditions of citizens and boosting the Region's economy.

The signing of this Credit Line reflects the shared commitment of the Region and the FEC to support projects that promote development and inclusive growth. It allows both parties, in a spirit of trust and responsibility, to confirm their commitment to promoting sustainable, dynamic and inclusive regional development.

This Credit Line constitutes a new opportunity to consolidate the confidence of the Territorial Communities in the FEC as a historic financial partner and confirms the Bank's determination to support all the Regions of the Kingdom in carrying out their investment projects, particularly those with a strong social impact in line with its Environmental and Social policy which is distinguished by its alignment with national regulations on sustainability.