We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 7 Apr 2007 12:00 AM

Font Size

- Aa +

AD takes on Marrakech

A company recently formed by four Abu Dhabi-based developers will build a massive real estate development in Marakech, Morocco.

A company recently formed by four Abu Dhabi-based developers will build a massive real estate development in Marakech, Morocco.

The project - estimated to be worth US $1 billion (AED3.67 billion) - is still in the master-planning stage, although a project insider from Sorouh, one of the four developers, confirmed that it would feature high-end property and would be located in the outskirts of the city.

The other developers that make up the new company, called Al Maabar, are Aldar Properties, Reem Investments and Al Qudra Real Estate.

"We are also going to tie up with a Moroccan government agency to develop the project," said the Sorouh spokesperson, who wished to remain unnamed. "The details are still in the masterplan stage, but it will be a high-end development. We'll be using Al Maabar as a vehicle for venturing into the GCC and the rest of the region."

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.