EIB grants a EUR 70 million loan to UfM-labelled project EuroMed University of Fes
- The European Investment Bank is granting a EUR 70 million loan to the EuroMed University of Fes, a flagship project of the Union for the Mediterranean designed to contribute towards regional integration and stability through the promotion of international mobility, intercultural dialogue and cooperation in the fields of higher education, research and innovation
- The loan represents a substantial contribution to the construction of the University’s eco-campus, which will have the capacity to host over 6,000 students coming from all the Euro-Mediterranean countries. It is expected that around 80% of the students will benefit from international mobility experiences with double diplomas
The European Investment Bank (EIB) has approved a EUR 70 million loan to support the EuroMed University of Fes (UEMF). The loan represents a substantial contribution to the construction of the UEMF’s eco-campus. It will consolidate the regional dimension of the University, whose principal vocation is to build academic, scientific and intercultural bridges between the two shores of the Mediterranean.
The EIB loan will finance the construction of the eco-campus, including the teaching and research premises, the sports area, the library and other facilities and equipment. This contribution complements others from international, European and Moroccan financial partners.
The UEMF is a flagship project of the Union for the Mediterranean initiated by His Majesty King Mohammed VI, aiming to have the capacity to host over 6,000 students representing diverse nationalities in the Euro-Mediterranean region and Sub-Saharan Africa. It is expected that around 80% of the student body will benefit from international mobility experiences with double diplomas. The project has also received the institutional support of the Steering Committee of the COP22 as a “model of eco-space, combining academic life, research, innovation and technology transfer in a clean environment, using the latest technologies for sustainable development".
Students of various nationalities are currently enrolled on UEMF academic and research programmes which are focused on important topics for the development of the Euro-Mediterranean region and were launched in partnership with well-known higher education institutions such as the National Institutes of Applied Sciences (INSA Group), the École Polytechnique de Paris, the Università degli Studi di Firenze, the Politecnico di Milano, the Politecnico di Torino, the University of Porto, the Universidad Politécnica de Madrid, the Universitat Politècnica de Catalunya, the École Nationale Supérieure des Arts Décoratifs and the Université de Paris 1 Panthéon-Sorbonne. The overall construction of the University is expected to be completed by 2019-2020.
“I wish to express my sincere appreciation for the support of the EIB to the EuroMed University of Fes and to praise the active role of the UfM Secretariat in this achievement” said Prof. Bousmina, President of the EuroMed University of Fes.