IFC Drives €100 Million Investment into OCP Group’s Desalinated Water Pipeline Project
Saturday, 14 September 2024, 20:10
IFC's Major Contribution
The IFC has agreed to provide a loan of €100 million to OCP Group, aimed at enhancing water access through a new desalinated water pipeline.
Project Overview
- Location: Morocco
- Funding Value: €100 million
- Purpose: Improve water supply for agricultural and industrial sectors
Significance of the Project
This loan by IFC is a stepping stone towards improving water sustainability in the region, helping reduce water stress and ensuring reliable resources.
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