Morocco Facility

The most relevant characteristics of the financial support provided are as follows:

• Eligible projects: viable projects undertaken in Morocco and involving some manner of Spanish interest. The priority sectors are:
  • Agroindustry
  • Rural electrification and renewable energy
  • Environment and waste treatment
  • Telecommunications
  • Urban and interurban transport
  • Tourism
• Types of financial support:
  • Capital holdings
  • Subordinated loans
  • Subordinated joint venture loans
  • Joint venture loans
• Ceiling: 25 million euros or 70% (FIEX) and 80% (FONPYME) of the total project investment. Capital holdings are limited to 49% of the project company’s share capital.
• Minimum: 250,000 euros
• Present capital endowment (2011): 40 million euros.
• Access: applications must be submitted to COFIDES.