Rabat - The European Investment Bank (EIB) has signed an agreement giving Fez Euro- Med University MAD 148 million.
Rabat – The European Investment Bank (EIB) has signed an agreement giving Fez Euro- Med University MAD 148 million.
The grant’s purpose is to support the university in the construction and equipment of an eco-campus.
The grant is part of the Neighbourhood Investment Facility (NIF) to finance infrastructure projects together with loans offered by European financial institutions.
In 2017, the EIB gave a €70 million loan to the university, along with a €5 million donation.
According to Anna Barone, EIB representative in Morocco, the Euro-Mediterranean University has the potential to become a key academic player in the region. The university’s focus on multiculturalism, tolerance, and international cooperation offer hope for the region’s future.
The grant agreement was signed in the presence of Mohamed Benchaaboun, Moroccan minister of economy and finance; Claudia Wiedey, EU ambassador in Morocco; Anna Barone; and Mostapha Bousmina, Euro-Med University president.
The university was founded in 2012 under the honorific presidency of King Mohammed VI and obtained an accreditation from the Mediterranean Union. The university’s stated mission is to promote regional dialogue, cultural exchange, and academic innovation.