By Elsa Baxter
Mourjan Marinas IGY will partner with Libra Capital for luxury development.
Dubai marina developer Mourjan Marinas IGY and Moroccan investment firm Libra Capital will begin development of a new waterfront project in the south west of Morocco.
The mixed use luxury development will also have hotels, golf courses and a recreational marina, a statement by the Dubai firm said on Tuesday.
Plans also include a “substantial number” of berths for megayachts, the developer said.
Last month, Mourjan announced it had signed a deal to build a 300-yacht project in Russia.
The firm signed agreement with Sochi Grand Marina, part of leading Russian shipping company, Sovcomflot, which will see it develop the marina as part of a new mixed use development at Sochi, which will help the Black Sea port prepare for its role as host city of the 2014 Winter Olympics.