Qatari Diar said that the infrastructure of the Al Houara project, which is worth QR 700 million (MAD 1.8 billion), will be completed by the end of 2018, on Tuesday.
Qatari Diar CEO Abdullah bin Hamad al-Attiyah said that the project’s first phase includes the construction of a Hilton Luxury Hotel and an 18-hole golf course, reported Gulf Times.
Al Houara project is an international beach resort which spans 234 hectares, including 60 hectares of protected forest and 2.5 kilometers of waterfront. It also has 250 rooms and 150 apartments.
Al Houara resort is located on the Atlantic coast between Tangier and the nearby city of Asilah.
According to the company’s statement, the project “combines authentic Moroccan culture with European culture, and includes hotels, residential villas, a health club, an international golf course, shops and multi-service facilities.”
Morocco’s Minister of Tourism, Air Transport, Handicrafts, and Social Economy Mohamed Sajid said that the project is part of Qatari Diar’s strategy to promote continuous development.
Sajid also “stressed that the Moroccan government will exert every effort to co-operate with Qatari Diar to make this project a success,” wrote Gulf Times.
Qatari Diar made the announcement following a visit by company officials to Morocco, October 1-3. The objective of the visit was to identify the “latest developments” of Qatar’s investments in Morocco and “to follow-up the progress of the Al Houara project.”
During the visit, the company officials met Moroccan officials to discuss the project details.
Qatar’s ambassador to Morocco, Abdullah Falah al-Dosari, also attended the meetings.
Qatari Diar Real Estate company was established in 2005 by the state-owned fund Qatar Investment Authority to support Qatar’s economy and to “coordinate the country’s real estate development priorities.” The company is headquartered northeast of Doha.