ID :
43580
Sun, 02/01/2009 - 13:00
Auther :
Shortlink :
https://www.oananews.org//node/43580
The shortlink copeid
Ithmar consortium to develop $1.8b resort in Morocco
Davos, February 1, 2009 (WAM) - A letter of Intent (LoI) was signed yesterday in Davos between Morocco and a consortium led by Ithmar Development, to develop a resort in Suwaira, Morocco, at a total cost of US$1.8 billion.
The consortium includes Ithamr Development Abu Dhabi Investment and the Gulf Finance House.
The project entails construction of a world-class resort and spa on an area of 270-hectar.
Moroccan Tourism minister Mohammed Bu Saed said the project was set to give a major boost to his country's position as a preferred destination for leisure and health tourists around the world.
The consortium includes Ithamr Development Abu Dhabi Investment and the Gulf Finance House.
The project entails construction of a world-class resort and spa on an area of 270-hectar.
Moroccan Tourism minister Mohammed Bu Saed said the project was set to give a major boost to his country's position as a preferred destination for leisure and health tourists around the world.
