Qatari Diar' launches USD-660Mn tourist project in Tangier

Rabat, May 31 - "Qatari Diar" real estate investment company announced, here Thursday, the launch of Al Houara-Tanger tourist complex worth USD 660Mn. Al Houara, which will be ready in 2011, is a 234ha tourism and mixed-use development including 2 luxury hotels, over 1,200 villas and apartments, and numerous on-site facilities including a world-class 18 holes golf course. 

Speaking to the press about this project, Chief Executive Officer of Qatari Diar Real Estate Investment Company, Nasser Al Ansari, said that "Al Houara-Tanger" is an integrated tourist project that aims at the revitalization of tourist activity in Morocco and the creation of about 2.500 job opportunities. 

In addition to Al Houara-Tanger project, "Qatari Diar" programmed several other projects in Marrakech Assilah and Agadir, west, as well as a marina in the Mediteranean coast, added Mr Al Ansari. "We are not in Morocco simply to build a tourist resort, we are here as a representative of Qatar to show that it acts as a genuine brotherly and friendly country," he went on to say. 

The geographic position of Tangier characterized by its proximity to Europe and its strategic location, in addition to its infrastructures were decisive in choosing the northernmost city, underlined Mr. Al Ansari. 

Qatari Diar is a government-backed real estate investment company with a capital of USD 24.8Bn. It was established in 2004 to support Qatar’s growing economy and to co-ordinate the country’s real estate development priorities.

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Source : Vimal Parmar - www.totallyproperty.com