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UAE-backed Wessal Capital begins work on portion of €530m Casablanca revamp

A UAE-backed investment fund has started work on a €530 million (Dh2.13 billion) project to revamp the Moroccan city of Casablanca as the country taps billions of euros of funding from Gulf states. Wessal Capital, a vehicle comprising Abu Dhabi’s Aabar, Qatar Holding, the Kuwaiti Investment Authority’s Al Ajial fund…

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