Aswan Dam allies in the Middle East, including Turkey and Iraq, were irritated and jealous that Egypt, a persistently neutral country, was being offered so much aid. In June 1956, the Soviets offered Nasser $1.12 billion at 2% interest for the construction of the dam. On 19 July the U.S. State Department announced that American financial assistance for the High Dam was "not feasible in present circumstances." On 26 July 1956, with wide Egyptian acclaim, Nasser announced the nationalization of the Suez Canal as well as fair compensation for the former owners. Nasser planned on the revenues generated by the canal helping
Al Wahda Dam (Morocco) Al Wahda Dam (Morocco) Al Wahda Dam, formerly known as M'Jaara Dam, is an embankment dam on the Ouergha River near M´Jaara in Taounate Province, Morocco. It was constructed for flood control, irrigation, water supply and hydroelectric power production. It is the second largest dam in Africa and the largest in Morocco. It was described by Land Ocean Interactions in the Coastal Zone (LOICZ) as "the second most important dam in Africa after the High Aswan dam." In 1988, the Board of Water and Climate considered the dam and eventually it was recommended for development. Construction began in 1991, the