Real Estate Investor Magazine South Africa March 2015 | Page 63

AFRICA

Morocco
New mixed-use development in

BY MASOOD AL AWAR

T

he preparation of a new US$55 million mixeduse development, including health, residential,
retail and tourism has been launched in the
city of Agadir, Morocco. It is the second project for
the company in the North African nation after the
successful 160-bed private hospital project, as part of
the Marrakesh Healthcare City (MHC) development
in the country’s third largest city.
The move to consider another development in
Morocco is in line with the company’s expansion
strategies which will add value to its global portfolio
of diverse real estate projects worth US$ 250 million.
Furthermore, the real estate developer aims to
encourage and facilitate more investment opportunities
based on strong investor-partner relationship between
the United Arab Emirates (UAE) and Morocco. Like
the MHC development, the new project will bolster
the bilateral business and partnership ventures to
further enhance economic co-operation between the
two countries.
www.reimag.co.za

“The launch of the new US$ 55 million mixeduse development in Morocco reaffirms Tasweek’s
commitment to strengthen bilateral relations between
the two countries. This project will offer further avenues
for the Gulf Co-operation Council (GCC) investors
in the African nation as an attractive, upcoming and

“This project will offer further avenues
for the Gulf Co-operation Council
(GCC) investors in the African nation.”
lucrative investment destination. We are upbeat that
the new project will be as successful as the Marrakesh
Healthcare City,” says Masood Al Awar, CEO of
Tasweek Real Estate Marketing and Development.

RESOURCES
Tasweek Real Estate Marketing and Development
March 2015 SA Real Estate Investor

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