Ithmar Capital (formerly known as Fonds Marocain de Développement Touristique, FMDT) is a strategic publicly sponsored investment institution and takes strategic stakes in socio-economic projects and promotes policies that contribute to the development of key sectors. As a strategic fund, Ithmar Capital is an instrument to mobilize foreign investment into all economic sectors in Morocco. The Fund expects to double its investments to USD 6 billion within the next five years and to broaden its target to broader Africa.