Reasons To Invest In Morocco

[greenbage]

Reasons To Invest In Morocco

Miles of beautiful unspoilt beaches and amazing nature
Luxury lifestyle for very little
Great value property
Sunshine throughout the whole year
Beautiful unspoilt golf courses, tennis and riding
10 year building guarantee (similar to nhbc)
Rental yields 6% plus
Strong emering property market all set for very strong capital growth
Optimal investment opportunity

· 0% Tax on rental income
· 0% Capital gains tax under £40k or after ten years
· 0% Inheritance tax when passed onto family
· 100% repatriation of funds

Moorish culture at its best
Tourism on the increase
Young and innovative king, promoting country
Government vision for 2010 tourism strategy
15 airlines planning to fly to Oujda in 3 years
Major investment in infrastructure
Developing regional airports and ports
Good country economic growth

Invest Now Before Its To Late.
Kind Regards,

Beverley Or Mustapha
Property Borders
0208 508 9905
www.propertyborders.com
Moroccan Hospitality With British Professionalism

[belgiumguy]

15 airlines planning to fly to Oujda in 3 years ?
where did jou get this information?

[Zim Flyer]

Morroco seems to be going through a big boom.

I don't really know alot about Morroco, does anyone know if there is a major reason why they are doing well. :dunno:

[belgiumguy]

the main reason is because there are a stable democratic country

[empersouf]

And because the country is investing in tourism. Every year the number of tourists just grows and grows.

[greenbage]

Hi soufian,

Are you living in morocco?

I am in london, whats the weather like in morocco now.

[belgiumguy]

Hi soufian,

Are you living in morocco?

I am in london, whats the weather like in morocco now.


hey, could jou answer my question above? :)

[empersouf]

Greenbage, I'm not living in Morocco. I live in the Netherlands, son of immigrants;)

But we go to Morocco almost every summer!

[Casa]

Morroco seems to be going through a big boom.

I don't really know alot about Morroco, does anyone know if there is a major reason why they are doing well. :dunno:


there are many reasons for that , among them its strategic situation being the doors to africa for europe and america , also being the only african country which has a free trade agreement with usa and also because of his many free trade agreements with europe , arab countries, and turkey .
there is also political stability and being the most democratic country is the mena area . and also offer the best incentives for foreign investement.

also morocco has a lot of islamic historical sites that acctract tourists

i guess also the fact that marrackech is becoming a jet set place where a lot of famous stars from france and usa have their second house has a great role of increasing the attractiveness of the country

[Casa]

Farhan Faraidooni, CEO of Dubai International Properties said, 'Morocco has some of the most historically rich cities in the region. It has a favourable climate and a highly-developed tourism infrastructure which make them ideal business and tourism destinations. Over the last few years, the country has also worked to develop itself as an international economic hub.

[greenbage]

15 airlines planning to fly to Oujda in 3 years ?
where did jou get this information.

Yes this is true.

Have you heard of the open air agreement? from now on low cost and charter airlines can now fly into to morocco at no extra cost and many airlines have already signed up.

Greenbage, I'm not living in Morocco. I live in the Netherlands, son of immigrants

But we go to Morocco almost every summer.

Keep up the good work soufian in the Netherlands,and casa, morocco needs us to promote our great country.

Mustapha Mezouri
www.propertyborders.com
0208 508 9905

[belgiumguy]

15 airlines planning to fly to Oujda in 3 years ?
where did jou get this information.

Yes this is true.

Have you heard of the open air agreement? from now on low cost and charter airlines can now fly into to morocco at no extra cost and many airlines have already signed up.

Greenbage, I'm not living in Morocco. I live in the Netherlands, son of immigrants

But we go to Morocco almost every summer.

Keep up the good work soufian in the Netherlands,and casa, morocco needs us to promote our great country.

Mustapha Mezouri
www.propertyborders.com
0208 508 9905



thx for the information

[Zim Flyer]

there are many reasons for that , among them its strategic situation being the doors to africa for europe and america , also being the only african country which has a free trade agreement with usa and also because of his many free trade agreements with europe , arab countries, and turkey .
there is also political stability and being the most democratic country is the mena area . and also offer the best incentives for foreign investement.

also morocco has a lot of islamic historical sites that acctract tourists

i guess also the fact that marrackech is becoming a jet set place where a lot of famous stars from france and usa have their second house has a great role of increasing the attractiveness of the country

thanks for that Casa.

:cheers:

It's great to have good news coming out of Africa.

[greenbage]

A book by Abby Aron who is one of the UK's experts on buying property has just announced a book:

Buying a House in Morocco

http://www.amazon.co.uk/exec/obidos/ASIN/1854583492/qid%3D1130233246/026-4810811-8798021

:bash: Editorial Reviews

Book Description
A growing number of people are interested in buying property in Morocco with its ancient towns, coastal resorts and snowy peaks. This North African kingdom boasts 1,400 miles of coastline, year-round sunshine and an open invitation to foreign investment and has seen a sharp increase in the numbers of house-buyers from abroad over the last four years.

Buying a House in Morocco is aimed at anyone seriously considering purchasing a property in Morocco to live in permanently, rent out, or transform to a guesthouse. Extensively researched and informatively written, it will give readers a rich insight into what to expect and how to go about fulfilling their dream for a new home.

Morocco offers an enormous range of housing, from the traditional dars and riads of the medina to the villas, new developments and old Moroccan style farmhouses of the countryside. The regional guide also covers the different types of properties to be found in each region, such as:

•Swiss-style chalets in Ilfrane
•The riads (grand courtyard homes) in Marrakesh
•Elaborate Andalusian villas in Tangier
•Kasbahs in the Draa Valley

In line with the Moroccan government's aim to quadruple tourism to ten million visitors a year by 2010 the appeal to potential home buyers will keep increasing. Approximately $5 billion is being invested in six luxurious coastal resorts including golf courses and luxury villas and on improving the country's infrastructure and accessibility. This spells good news for the letting market, for guesthouse owners and for those who are purchasing homes as an investment.

Kindest regards

Mustapha
0208 508 9905
www.propertyborders.com
Moroccan Hospitality With British Professionalism

[atlaslion]

here are some other sites with information for people who want to buy in morocco

http://www.property-in-morocco.eu/
http://www.morocco-property.com/
http://www.primelocation.com/international-property/browse/all/sales/morocco/11/
http://www.primelocation.com/estate-agents/browse/morocco/
http://www.riad2000.com/
http://www.elalamimmobilier.com/
http://immo.ichnad-services.com/
http://www.marrakech-immobilier.net/fr/index.php
http://www.franceatlas.com/
http://www.kantakari.com/main.php
http://www.sejour-riad.com/accueil/accueilFrameset.html
http://www.africa-sunshineestates.co.uk/property/mediterranean_coast.asp
http://www.propertyshowrooms.com/morocco/
http://www.moroccopropertyservices.com/
http://www.laluzproperty.com/srchmorocco01.htm
http://www.marrakech-ryads.com/
http://www.hipmarrakech.com/?origin=aw
http://www.boutiquesouk.com/home/
http://www.insight-spain.com/morocco.html
http://www.propertyfinder.com/2/pf/property/international/searchByArea.do?action=ATN_INTERNATIONAL_SEARCH&searchString=XMA
http://www.1stmaroc.com/economy/realestate.html
http://www.escapeartist.com/International_Real_Estate/Morocco/Morocco.html
http://www.parcsdelagdal.com/en/index.php
http://www.access-investment-property.com/morocco-property/
http://www.viviun.com/Real_Estate/Morocco/3/
http://www.johntaylorson.com/real_estate/morocco/sales/

and you'll find much more on google

[empersouf]

Too bad that the prices of houses are rising really fast because of foreigners that want to buy a house:( But on the other hand its good to have those foreigners because they bring a lot of money and employment:D

[Casa]

In comparaison with spain and other european countries prices of real estate in Morocco are very cheap, and it's normal that it's rising because there is a lot of demand. the spanish market now in costa del sol is almost saturated it's why a lot of british invest intensively in tangier coast and marrakech, because the market price is low and there a big potential of increase in the coming years

[nwusaad]

I think that the prices are not extreme, but I believe that in the benefit of tourism it is important to keep prices affordable. Generally, when a foreigner buys a house it serves as a lock-in effect for the benefit of morocco. This therefore means that the foreigner will continue revisiting the country a lot more times. consequently its an assured customer for tourism..
Plus, its a matter of attracting more people. as more foreigners buy houses, others will only follow them...

[empersouf]

I drived yesterday from Berkane to Saidia along the algerian border to Ras El Ma, at the end of Saidia you could see how huge the Mediteranea complex of Fadesa is. I couldnt believe it. It was really huge, and just only a few houses were completed. Really amazing.

[Tim Cullis]

I have a copy of Abby's book and can wholeheartedly recommend it. As well as covering Morocco on a region-by-region basis it goes into great detail on the legal side and also covers aspects such as moving possessions to Morocco and hiring staff. I have been in correspondence with her to congratulate her on the work.

Not that this has yet produced any results... I'm not looking for somewhere on the coast, instead I am looking for a villa or land in the Middle Atlas (Azrou) area and it's really hard work finding anything. I've made five visits so far this year and am going out again at the end of December.

Tim

[nwusaad]

I have a copy of Abby's book and can wholeheartedly recommend it. As well as covering Morocco on a region-by-region basis it goes into great detail on the legal side and also covers aspects such as moving possessions to Morocco and hiring staff. I have been in correspondence with her to congratulate her on the work.

Not that this has yet produced any results... I'm not looking for somewhere on the coast, instead I am looking for a villa or land in the Middle Atlas (Azrou) area and it's really hard work finding anything. I've made five visits so far this year and am going out again at the end of December.

Tim

Good luck Tim with finding the proper land space. Azrou area looks amazing. I thought the foreigners can only buy already built-houses, and not plain vacant land. Given that Azrou is not a very urbanized area then I can understand the legal difficulties that it may entail.
Please correct if Im wrong, but can all non-Moroccans buy all types of land in Morocco? Imagine a huge fund buys all the land in downtown area and then gives an extremely high price... I think this is a risk since the development of that area is affected by the speculation of affluent groups.

[Tim Cullis]

If you want to buy land outside the urban perimeter (which I do) then as a foreigner you have to buy at least 1 hecatre (10,000m2) and then apply for a vocation non-agricole to change the land use from agriculture to living.

Tim

[ibn frederick]

do you get a visa,citizenship or permanent res.with property
what dose it take to start a business in morocco as foreigner

[Casa]

for foreign property owner they have tax incentives and payment facilities and i don't know about permanent res., but for citizenship i don' think they give to investors .
for starting a business as a foreigner is the same as starting a business for a moroccan , there is no problem of ownership in morocco moroccans and foreigners both have the same rights

[madao]

15 airlines planning to fly to Oujda in 3 years ?
where did jou get this information.

Yes this is true.

Have you heard of the open air agreement? from now on low cost and charter airlines can now fly into to morocco at no extra cost and many airlines have already signed up.

Greenbage, I'm not living in Morocco. I live in the Netherlands, son of immigrants

But we go to Morocco almost every summer.

Keep up the good work soufian in the Netherlands,and casa, morocco needs us to promote our great country.
Mustapha Mezouri
www.propertyborders.com
0208 508 9905

yesss youre right im doing my best for my country:cheers:

[brightspell]

I'm looking to buy a house or apartment in Morocco that requires some building refurbishment work + fitting out. I was in Marrakesh in January 2007 and noted that some areas of the city, particularly within 3km approximately of the airport, were basically one large building site.

For example, the people I stayed with lived on the ground floor, but their first floor was `works in progress' with the r.c starter bars set up ready for the next lift of fresh concrete mix! I got the idea that this project(s) was not from one large developer as donkey carts were being used to haul materials! I guess the process I witnessed there could be described as organic growth?!........`One piece at a time'......a bit like the Johnny Cash song! This is a bit like the idea I have in mind.

I have available a `buy to let' mortgage raised in the UK and could therefore invest some cash in an apartment refurb with a view (of say, the Atlas mountains) to either letting out to local people/tourists or selling it on. I'm not particularly looking for prime location etc.....just some local amenity like shops and a nearby `Alsa City' bus route to Djemaa el Fna or Gueliz. Ideally, somewhere near to the Majorelle Jardin would be nice....chill out there after the mid-day heat!......an oasis of peace after the hustle & bustle of downtown.....anybody out there with similar investment proposals?

Regards BS
http://journals.aol.co.uk/spcdesign/BargainIssue

[greenbage]

Do a refurb project on a riad takes a lot of patience and hard work, but it should be worth it in the end.

Most of our client looking to invest in Moroccan property are looking for new build property or off plan Moroccan property as this has better growth potential. Good luck with your Moroccan project if it happens.

[brightspell]

Do a refurb project on a riad takes a lot of patience and hard work, but it should be worth it in the end.

Most of our client looking to invest in Moroccan property are looking for new build property or off plan Moroccan property as this has better growth potential. Good luck with your Moroccan project if it happens.

I'm an architectural technician based in London UK (where I'm also a `buy to let' investor) however, I'm now sourcing potential `jet to let' possibilities in Morocco. Therefore I'm looking at combining these two occupations into a single `working holiday'!

If new Morocco located measured site surveys c/w project floor plans/elevations are required? I would be happy to quote any Moroccan property developers for this pre-contract architectural/surveying technician's type work.

Regards BS
http://journals.aol.co.uk/spcdesign/BargainIssue

[Tim Cullis]

I drived yesterday from Berkane to Saidia along the algerian border to Ras El Ma, at the end of Saidia you could see how huge the Mediteranea complex of Fadesa is. I couldnt believe it. It was really huge, and just only a few houses were completed. Really amazing.
I visited Saidia last September and it has the look of a very large white elephant (http://en.wikipedia.org/wiki/White_elephant). Many villas and apartments have been completed, but there are few signs of occupation. No surprise when you see the prices they would like to charge. The marina which is capable of holding 2000 boats had just two small boats. There is talk of Oujda airport being uprated but this seems to be just talk and there are no cheap flights from airlines such as Ryan or Easyjet. The surrounding countryside isn't interesting and of course the nearby border with Algeria is still closed.

What can rescue this, the flagship of the Plan Azur?

[Muttie]

I visited Saidia last September and it has the look of a very large white elephant (http://en.wikipedia.org/wiki/White_elephant). Many villas and apartments have been completed, but there are few signs of occupation. No surprise when you see the prices they would like to charge. The marina which is capable of holding 2000 boats had just two small boats. There is talk of Oujda airport being uprated but this seems to be just talk and there are no cheap flights from airlines such as Ryan or Easyjet. The surrounding countryside isn't interesting and of course the nearby border with Algeria is still closed.

What can rescue this, the flagship of the Plan Azur?


Firstly 95% of the complex was not delivered in september, i have got some familymembers which have bought in Saidia and they said that most of the delivery would take place in june 2008. Secondly, a lot of people that have bought in Saidia are Moroccans that immigrated to the Netherlands, Belgium and France. They dont have the time to leave in the middle of the year to go and see their second home in Morocco, as they have obligations like work and school for children and stuff. Most of the people will go there during the summertime. Thirdly there are cheap flights to the Nador airport which isnt that far away from Saidia. All in all, its way too early. A complex will never be instantly filled with people, it takes time...and as far as i can see...this will be a succes.

Several resorts are actually already sold out..while there is hardly any promotion for it..

[Mister79]

I visited Saidia last September and it has the look of a very large white elephant (http://en.wikipedia.org/wiki/White_elephant). Many villas and apartments have been completed, but there are few signs of occupation. No surprise when you see the prices they would like to charge. The marina which is capable of holding 2000 boats had just two small boats. There is talk of Oujda airport being uprated but this seems to be just talk and there are no cheap flights from airlines such as Ryan or Easyjet. The surrounding countryside isn't interesting and of course the nearby border with Algeria is still closed.

What can rescue this, the flagship of the Plan Azur?


The Marina will be larger and the Oujda oprating is all ready under construction..

Saidia is a big succes. A lot of European people and famous stars like Zidane have bought there villa's..

The resort will be ready in 2010. And the cheap flights will start in 2008 and some later because not everything is ready yet. And if the now starts with cheap flghts from whole Morocco they wil get a lot of tourists but there is not yet enough hotels ready etc. Ryanair flights to Oujda will commence from Marseille within a year and UK flights will follow shortly after. Other budget airlines are expected to start flights into Oujda in the next 2 years.




In the summertime Saidia resort will be extremely busy..

http://www.relinvestmentsmorocco.com/Properties/saidia.html

[Muttie]

Yeah its true about the expansion of the airport Cullis, i have seen videofootage on 2M..they are already constructing extra terminals :)

[MoroccanChica]

http://www.invest.gov.ma/

These are the links to Regional Centers of Investment in Moroccan Administrative Regions:



http://www.sante.gov.ma/Departements/DPRF/verfinal/00_MarocRegions.gif

Region1: Oued Eddahab - Lagouria: www.cridakhla.ma

Region2: Laayoune-Boujdour-Sakia El Hamra: http://www.laayouneinvest.ma/

Region4: Souss-Massa-Draa: http://www.cri-agadir.com/

Region5: El Gharb-Ghrarada-Beni Hssen: http://www.kenitrainvesti.ma/

Region6: Chaouia-Ouardigha: http://www.settatinvest.ma/

Region7: Marrakech-Tensift-Al Haouz: http://www.crimarrakech.ma/

Region8: Region Orientale: http://www.orientalinvest.ma/

Region9: Grand Casablanca: http://www.casainvest.ma/

Region10: Rabat-Sale-Zemmour-Zaer: http://www.rabatinvest.ma/

Region11: Doukkala-Abda: http://www.safi-invest.ma/

Region12: Tadla-Azilal: http://www.tadlazilalinvest.ma/

Region13: Meknes-Tafilalet: http://www.meknesinvest.ma/

Region14: Fes-Boulemane: http://www.crifes.ma/

Region15: Taza-AlHoceima-Taounate: http://www.alhoceimainvest.ma/

Region16: Tanger-Tetouan: http://www.investangier.com/

[MoroccanChica]

I put this one on Moorish Cafe. Maybe it belongs here

Financial Times: Morocco: From secret medinas to mega-resorts


By Zoe Dare Hall

Published: February 21 2009 02:00 | Last updated: February 21 2009 02:00

For foreign property buyers in Morocco, the essence of the country's appeal has traditionally been in the shabby chic and exotic edginess of the ancient medinas in Marrakech or, for the more intrepid, Fez. Some with business interests in the country have invested in the capital, Rabat, or in Casablanca, and small numbers have bought holiday homes in the country's first - and still its main - coastal resort, Agadir.

But with a year to go until the target date that King Mohammed VI has set to turn his country into a first-class tourist destination, Morocco's property market now offers many more options.

As part of his $9bn Vision 2010 development plan, which aims to boost annual visitor numbers to 10m and create 600,000 jobs, pockets of previously untouched Mediterranean and Atlantic coastline are being transformed into European-style resorts with high-class hotels, marinas and professionally designed golf courses. At the same time, househunters already familiar with the country are branching out in a different direction, eschewing established destinations in favour of smaller towns, buying traditional riads and living among the locals.

The first category of housing, dubbed Plan Azur, involves six flagship projects due for completion by 2015. They include the casino-led Mazagan Resort, south of Casablanca near the town of El Jadida; Mediterranea Saïdia, with three golf courses, a 750-berth marina, six hotels and hundreds of apartments and villas on 1,730 acres near the Algerian border; the lower density Port Lixus, with apartments and nine large detached villas facing a 6km beach in Larache, south of Tangier; Mogador on 1,500 acres in Essaouira, billed as a weekend getaway from Marrakech; the spa- and golfcentred Taghazout, near the small Berber fishing and surfing village of the same name north of Agadir; and Plage Blanche, including flats, houses and a souk in Guelmim, south of Agadir.

The aim is to offer access to an "authentic" Moroccan experience with the highquality facilities that buyers expect from southern Spain or Portugal's Algarve - at a fraction of the price. "Many of today's buyers feel too exposed buying a riad in a traditional medina and they want Morocco but not Marrakech, which they feel is becoming saturated," says Julian Cunningham of estate agency Knight Frank, which is marketing the $230m Mazagan project for developer Kerzner Group. "Buyers want the facilities of a five-star resort [near] traditional towns that are much more the 'real Morocco', such as El Jadida."

At Mazagan, average prices are Dh25,500 (£2068) per sq metre, with three-bedroom villas costing Dh9m (£729,904), which is "good value for Morocco, let alone the rest of the Mediterranean," he adds. "Equivalent projects in Marrakech are selling for up to Dh46,700 per sq metre."

The developments are a significant departure for the country because, prior to the adoption of Vision 2010, "nothing new had been built on the coast since the early 1960s - when Agadir had to be rebuilt after the earthquake - because no one wanted to sell valuable coastal land for development," says Jean-Robert Reznik, president of the travel agency association Alliance T and an adviser to the government and royal family for the past 40 years.

Eventually, however, "the current king's father and grandfather both realised that the future of Morocco depended on it being open to both Europe and the US. That meant attracting foreign investors, which meant developing tourist resorts in certain areas, along with new roads and better airports, to give Morocco credibility internationally."

It is a difficult time to be embarking on such grand projects. But developers such as Sean Cusack at Property Logic, which is building 1,400 leaseback residences, with two-bedroom apartments priced from Dh2.2m, at Saïdia's Le Jardin de Fleur development, remain confident. "Morocco's main worry is that tourism will be hit by the economic climate because becoming a world-class tourism destination is the key aim behind the king's plan. But they have learnt a lot from Spain and are tough in their planning policies to avoid over-development," he says. "We have sold 78 per cent of our stock, which is over 1,000 units at Le Jardin de Fleur and the resort will be up and running by 2010. There is a lot of wealth in Morocco and about 70 per cent of our buyers come from the domestic market. Saïdia will also attract buyers from Algeria - particularly when the border opens within the next couple of years - and Libya. These neighbouring countries have a lot of wealth but don't have their own resorts or beaches."

Reznick agrees. "Everyone will suffer the crisis but, unlike Dubai, which has seen the highest highs and will soon see the lowest lows because there is no real domestic market to prop it up, emerging markets with a local population who can afford to buy property will suffer far less. I see two years ahead of us of suffering, then Morocco will be fine."

The second option for buyers keen to move beyond Marrakech, Fez, Rabat, Casablanca and Agadir is to investigate the more remote towns of "old Morocco".

John Wilkinson, 66, a Briton who also has a house in Toulouse, France, bought a property in Chefchaouen, in the Rif Mountains, in 2001 for £7,000. "There were no estate agents back then so I sat in a café and told the world and its wife what I was looking for," he says. He was particularly drawn to the town's medina, with its pastel-blue-painted houses and streets. "I got a 60 sq metre ground floor with rickety steps to a terrace of the same size above, with two bedrooms and electricity - if you can call three lightbulbs that," he says. "A family of seven were living there before me."

He invested another £7,000 - "I forgot to haggle the price, to the builder's amazement" - on renovating the house into a cosy retreat with a log fire and piano and now lives there for five months a year, one of only five British residents in Chefchaouen. "With haircuts for Dh13, three-course meals for Dh65 and labour for next to nothing, not to spend as much time here as possible would cost me dear," he says. "And I love the sounds - the wail of the muezzin five times a day, the kids shrieking below, the clank of gas bottles being unloaded from donkey backs. You live cheek by jowl with your neighbours in the medina, a place that was very different when I first saw it in the 1970s - crumbling, no running water, no drains or electricity. Now, little by little, it is beginning to be cared for in the way it deserves."

Michael Richardson, 36, a former London restaurateur, has also been pioneering in his choice of a Moroccan retreat, becoming the first foreigner to buy a property in Moulay Idriss, a small town and place of pilgrimage near Meknes. His house, set on a hillside overlooking the town's mosque, cost Dh187,000, while a five-room guesthouse he plans to turn into the first of a chain of budget boutique hotels cost Dh430,000.

"Guidebooks have wrongly reported that Moulay, one of Morocco's holiest towns, is off-limits to non-Muslims after 4pm, which has kept people away [but] I've been welcomed by everyone I have met and buying property here was far easier than in Fez," he says. "Moulay is a laid-back agricultural community, which becomes a musical and religious hub in summer, and it's in an amazingly beautiful location, overlooking the Roman remains of Volubilis."

Although he and Wilkinson prefer a more traditional experience to the ones on offer at the manufactured Plan Azur resorts, they acknowledge that the investment behind Vision 2010 will benefit all parts of Morocco. The king's "open skies" policy has, for example, led to a big increase in European flights and the upgrading of regional airports. The railway network has been improved. And, although many roads, including the Fez-Marrakech motorway, are still single-lane, there are fast, underused routes running up the west coast from Casablanca to Tangier and on to Fez via Rabat. And next year should mark the opening of a new Marrakech- Agadir highway.

As long-time resident Reznick says: "The country had its natural assets - history, sea, desert, mountains and the richness of its population, who are among the most welcoming in the world - but it needed new infrastructure."

Copyright The Financial Times Limited 2009

http://www.ft.com/cms/s/0/f4add914-ffb8-11dd-b3f8-000077b07658.html?nclick_check=1


http://www.skyscrapercity.com/showthread.php?t=815354