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, regardless of the type of business. 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
  • Convertible loans
  • Joint venture loans
• Ceiling: under the joint venture formula, the lower of 25 million euros or 70% 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 (2010): 50 million euros.
• Access: applications must be submitted to COFIDES.