EIB Extends €70 Millon Loan to Euro-Mediterranean University of Fez
The European Investment Bank has granted a loan of €70 million to the Fez-based Euromed University for the construction and the equipment of a campus.
An agreement was signed by officials from the Bank and the University last week to bolster the finances of the Euro-Mediterranean Institute, whose honorary Chairman is King Mohammed VI.
Over 6600 students from across Europe, the Mediterranean and Sub-Saharan Africa will pursue their studies at the Euromed University with 80% students taking international exchange programs.
Officially inaugurated in 2015, the University aims to offer a new regional center of excellence, contributing to regional stability and integration through the promotion of dialogue, intercultural exchange, sharing of knowledge and cooperation in the fields of higher education, research, innovation and mobility.
As a flagship project of the Union for the Mediterranean, the University aspires to respond to the strategic goal of promoting youth employability and inclusive growth in the region.
It adopts a unique regional approach reflected in the diversity of nationalities of the students and staff as well as in the curriculum contents, which focus on key topics relating to the integrated development of the Mediterranean region.