Qatar firm, golf star in $660mn venture

by Sean Cronin Thursday, 24 July 2008

Qatari Diar Real Estate Investment Company plans to develop a $660 million luxury resort and golf course in Morocco to be designed by Vijay Singh.

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Qatari Diar, a unit of Qatar Investment Authority, has also hired Graham Marsh to design the project in the coastal city of Tangier, Gulf Times reported, citing Qatari Diar deputy CEO Ahmed al-Mazroei.
The company has also appointed Kempinski Hotels to manage a new five-star hotel and spa on the same development.

The complex, which covers 234 hectares of coastal land, will include another five-star hotel, a public beach club, residential apartments and villas, retail and entertainment facilities and a residential club.

There will also be a convention centre, club house, casino, forest stables and a variety of other sports facilities.

Singh is a member of golf’s Hall of Fame and winner of three major titles – the Masters in 2000 and the PGA Championship in 1998 and 2004, the newspaper said.



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