Casa
May 5th, 2006, 06:12 PM
Rabat, May 5 - President of the Emirati group "Emaar" said there are a lot of benefits to be taken advantage of in Morocco thanks to an economy that has a flourishing future ahead.
Speaking to the French-language Moroccan weekly, Maroc Hebdo International, Mohamed Ali Albbar said "we believe in the future of Morocco's economy, and this is why we have directed the greatest part of our investment towards the Moroccan market, which is very promising."
Emaar is investing USD 5.2Bn in three projects in Morocco, which is the group's largest investment in an Arab country, said company's boss, hailing the north African kingdom for a "clear economic policy and an important growth potential."
Albbar voiced persuasion that Morocco will "facilitate the international expansion of Emaar."
The Emirati group's projects in Morocco include the development of Rabat’s seaside, and two tourist projects (skiing station, high-profile thermal stations…) in the northern and central towns of Tangier and Marrakech.
Speaking to the French-language Moroccan weekly, Maroc Hebdo International, Mohamed Ali Albbar said "we believe in the future of Morocco's economy, and this is why we have directed the greatest part of our investment towards the Moroccan market, which is very promising."
Emaar is investing USD 5.2Bn in three projects in Morocco, which is the group's largest investment in an Arab country, said company's boss, hailing the north African kingdom for a "clear economic policy and an important growth potential."
Albbar voiced persuasion that Morocco will "facilitate the international expansion of Emaar."
The Emirati group's projects in Morocco include the development of Rabat’s seaside, and two tourist projects (skiing station, high-profile thermal stations…) in the northern and central towns of Tangier and Marrakech.