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Old March 29th, 2006, 10:59 PM   #1
Casa
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[ Projects News ]



The conventions, concluded between the Moroccan government and two important economic operators from UAE “Dubai Holding” and “EMAAR”, concern development project and assessment of residential and tourist potentials for a budget of USD 9 billion.

These agreements, which extend over 10 years, aim at encouraging investment in the four principal poles of economic development in the kingdom, including Rabat, Marrakech, Casablanca and Tangier.

The convention, related to the upgrading of the 330 ha Rabat beach, was signed by the Wali of the Rabat-Sale-Azemmour-Zaer region, Hassan Amrani, the president of EMAAR group, M'Hamed Al Abbar, the president of the council of Rabat urban commune, Omar Bahraoui and the General Director of the Agency for Housing and Military Equipment (ALEM).

The convention, related to 110 ha ‘Amwaj' project in Rabat as part of the valuation of Bouregreg valley, was signed by the president of “Dubai Holding” group, Hakim El Maghari Essakl.

As for the convention of Oukaimden tourist project, which will extend on 600 ha, it was signed by the Wali of the region of Marrakech-Tensift-Haouz Mounir Chraibi and the president of EMAAR group. The investment cost USD 1,4 billion.

The agreement of building a tourist and residential complex in Tangier was signed by the Wali of Tanger-Tetouan region Mohammed Hassad and the president of EMAAR group.

The conclusion of these agreements, fruit of a personal engagement of HM King Mohammed VI, reinforces the exceptional partnership existing between Morocco and the UAE.

The conventions stress the respect and confidence uniting the two countries.

They share the same vision of reinforcing the dynamism of their economic development.

The signing ceremony was attended by the Prime Minister Driss Jettou, the Monarch's advisors, members of the government, the UAE ambassador in Rabat and several businessmen.
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Old March 30th, 2006, 04:19 PM   #2
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9 BILLION, thank jou u UAE
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Old March 30th, 2006, 07:44 PM   #3
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Hi Casa,

This is a great time for morocco, and all people that love and care for morocco.

Property Borders is a family owned business run by Mustapha and Beverley Mezouri who sell property in Morocco.
We particularly specialise in Morocco as we strongly believe it to be the next big thing in the property market. The property boom is driven by the king Mohamed VI and his government who have invested heavily in tourist resorts and infrastructure to bring 10 million tourists to Morocco by 2010.

Mustapha who was born in Morocco returned to the UK where he has lived all his life. He speaks fluent Moroccan and even better English .
Beverley and Mustapha have a high level of experience in the Moroccan property market and have travelled the country extensively.

With our knowledge and contacts, in Morocco and the UK, we put our clients in touch with professional developers, agents and associates. In this way we can offer our clients a comprehensive service to ensure that the buying process run smoothly from start to finish. We offer advice on where to buy investment properties in up and coming areas, refer you to a recommended notaire, advise where to open a convertible Moroccan bank account and where to apply for your mortgage.

We are an independently owned company that treats its customers with Moroccan hospitality and British professionalism. We give our clients prompt, reliable and personal service with no hard sell.
Our aim is to introduce you to reputable, reliable, English speaking developers and vendors.

We strive to remove the stress from the buying process so you can live out your dream in this exotic country. We love Morocco.

Kind Regards,
Mustapha,

Property Borders
0208 508 9905
www.propertyborders.com
enquiries@propertyborders.com
Moroccan Hospitality With British Professionalism
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Old March 31st, 2006, 04:48 PM   #4
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Moroccan Property is booming, I guess the prices of houses will double the next 5 years!
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Old March 31st, 2006, 06:18 PM   #5
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First Skiing station in Africa & highest golf will be built in Morocco

The project is colossal. And according to the persons in charge for the area, it will be the spearhead of the opening-up and the development of the area of Haouz. It’s an important investment. 1. 4 billion dollar will be invested in a gigantic place of interest in Oukaïmeden, the single ski resort of Africa, located within 70 kilometers of Marrakech in the mountains of Jbel Toubkal.

It’s a residential complex with 11 hotels and golf. The whole will occupy a surface of 600 hectares. The investors highlight that it will be the highest golf in the world, one 18 holes located at 3.000 meters height. But, before, it will be necessary to level the station to answer the international standards of the activities of winter sports.

The promoter is not other than EMAAR. Its project is part of the 8 conventions concluded between the Arab Emirates and the Moroccan government under the presidency from Its Majesty the King, Wednesday in Casablanca.

According to the technical studies, a coherent management of the tracks would allow a higher snowing. This will increase, in time and quality, the activity of the winter sports. The technical approach also considers artificial snowing, a solution adopted by several other international stations of ski. That requires alteration work through the creation of water reserves, but that can allow only 6 months of snowing.

Since 2004, the station knows favorable climatic conditions with falls of snows from the very start of the winter, (November in particular). Due to the nature of the activity, the station currently accommodates less than 5.000 visitors per weekend, whereas the period of snowing does not exceed three months. The period of snowing will be lengthened to 6 months and the site could be used during spring and even in summer thanks to its golf and its residences.
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Old March 31st, 2006, 06:20 PM   #6
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seems to be alot going on in Morocco lately
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Old March 31st, 2006, 07:25 PM   #7
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Doesn't Lesothu have skiing as well
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Old March 31st, 2006, 07:58 PM   #8
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theres also ski in tanzania on the kilimanjaro and on the drakensberg mountains in south africa
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Old March 31st, 2006, 08:38 PM   #9
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THAT IS MARVELLOUS
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Old March 31st, 2006, 09:09 PM   #10
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i'm sure there are some other skiing in africa. in Morocco there is at least 4 others but this is the first in this size with many hotels and managed professionally
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Old March 31st, 2006, 11:34 PM   #11
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Property Borders is a Moroccan owned agency, its director Mustapha Mezouri was born in the north of Morocco. We have been at the forefront of the Real Estate industry in Morocco for the past two years, continuously developing our services according to market trends and laws.

We only market property developments after researching areas for their growth potential .Our staff are all conversant with the property market in Morocco and can help and advise you of the most suitable development for either investment or as a holiday or residential home.

Investors have come to expect a personalized, professional, one-stop service and as a measure of this commitment, we are the only UK based Moroccan owned estate agents with links to all the major developers in Morocco.

This helps us provide our clients with greater choice of the best sourced properties whilst endeavoring to ensure that the buying process is as smooth as possible.

We are an independently owned company that treats its customers with Moroccan hospitality and British professionalism. We give our clients prompt, reliable and personal service with no hard sell.

Kind Regards,

Beverley,

Property Borders
0208 508 9905
www.propertyborders.com
The Only Moroccan Expert Agency Based In London
Moroccan Hospitality With British Professionalism
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Old April 1st, 2006, 11:12 AM   #12
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good project...sounds like it will definately be the largest ski resort complex in africa.

But true, there are 3 ski resorts in south africa, all off the Drakensberg mountains, but not on the scale of this project
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Old April 1st, 2006, 01:43 PM   #13
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Thank you very much for that piece of information
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Old April 29th, 2006, 11:29 PM   #14
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Dubai Holding to invest US$ 12 billion in real-estate in Morocco

My enghlish is not clear because i am french. Excuse me for after.


Two new projects Dubai Towers - Casablanca and Marina de Casablanca - were announced as part of the agreement.


Mohammed Al Gergawi said, "I had the honour of meeting His Majesty King Mohammed VI. He welcomed our planed investments in Morocco and assured us that Morocco will support Dubai Holding and UAE companies."


He added, "Apart from achieving high growth, the Moroccan Government's policies aimed at diversifying its economy and moving beyond the agriculture sector have met with great success. The Government has also worked hard to develop regulations that made the country more attractive for Arab and Gulf investors. We are very confident of the potential of Moroccan economy under the wise leadership of His Majesty King Mohammed VI."


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."


The CEO of DIP said: "DIP's projects in Morocco will be spread across its biggest cities including Marrakesh, Casablanca and Al Rabat. The Dubai Towers - Casablanca', the newly announced project worth US$ 600 million, will cover an area of 240,000 sq. m and will include two buildings - a hotel and an office tower. A mall anchored by prestigious brand names will add to the attractiveness of the development. The whole complex will offer office space, residential apartments, and retail and entertainment facilities.


"Marina de Casablanca, the other new project worth US$ 500 million, will feature offices, retail and entertainment facilities, marina hotels, residential apartments, promenade and open landscape spaces, over a built-up area of 190,000 sq. m."


Amwaj, a massive US$ 2 billion community development project, already in progress in Al Rabat, also forms part of the investment.


Dubai Holding, the parent company of DIP has made significant investments in many sectors across Europe, US, Middle East and Asia through three of its subsidiaries, Dubai International Capital, Dubai International Properties and Dubai Investment Group. The last two years has seen a spate of big investments from Dubai Holding including the acquisition of US$ 1 billion shares in DaimlerChrysler, the acquisition of Charterhouse Capital Partners, which owns the Tussauds Group and many tourism and entertainment projects, in addition to investments in leading hotels and properties in big markets.
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Old April 29th, 2006, 11:35 PM   #15
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The dubai towers Casablanca are to estimate 600 million euros whereas those of dubai have couter that 350 million and those of Istanbul 500 million.
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Old April 29th, 2006, 11:36 PM   #16
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Old April 30th, 2006, 12:09 AM   #17
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Nice to see Casablanca get some nice towers!
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Old April 30th, 2006, 01:09 AM   #18
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from where did you get the pictures of dubai towers in casablanca, i searched so hard for them and i couldn't find them even in the press they did show them.
they are nice but they look like towaers of twin center , i would prefer something fancier , at the image of casablanca. the one in istanbul are really nice

Last edited by Casa; April 30th, 2006 at 01:30 AM.
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Old April 30th, 2006, 01:27 AM   #19
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I doubt dubai holding would publish these designs in the renders as their final design, i am pretty sure they will be re-designed. Actually, i don't even think these are official renders.
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Old April 30th, 2006, 01:32 AM   #20
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they are not the versions definitive of the dubai towers. One will be soon which is the true design.
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