Morocco yesterday announced a loan agreement with Spanish multinational financial services provider, Santander Group, to fund buying a warship from a Spanish shipbuilding company.
According to Anadolu, a Moroccan state newspaper published the decision of Prime Minister Aziz Akhannouch stating that a loan contract worth $92.2 million had been signed with Santander Group.
The Moroccan newspaper stated that the financial company will fund the purchase of the warship which will be built by the Spanish state-owned shipbuilding company, Navantia.
In January, Spain's EL PAÍS newspaper reported that the Royal Moroccan Navy has awarded a contract to Spanish shipbuilder Navantia to build a new offshore patrol vessel (OPV).
The Moroccan Navy announced the specifications of the contract for the construction of the OPV in April.
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