Morocco praises GCC decision to set up a development fund

The Moroccan government has praised the deep-rooted Moroccan-GCC ties and welcomed the decision taken during the 32nd Summit of the Supreme Council of the Gulf Cooperation Council, concluded last Tuesday in Riyadh, to set up a $5 billion fund to help development projects in Jordan and Morocco. In a statement issued by the Moroccan Foreign Ministry, Morocco expressed sincere appreciation of GCC leaders' decision to build an advanced partnership with it, asserting that establishing a number of specialized committees in this regard is the best mechanism to establish a model and complementary partnership between the two sides.