Friday 11 April 2008

Dubai invests $ 19 billion in Morocco real estate



The two biggest companies in the real estate market of Dubai Emaar Properties and Dubai Holding signed an agreement with the Moroccan government to invest $ 19 billion development of the real estate market in the Kingdom of Morocco.

Dubai Holding signed a $ 12 - ty billion construction contract for 5 years, residential real estate and hotel complexes in large Moroccan cities. Emaar Properties invests in Morocco $ 6.8 billion on the implementation of six projects. "Most of them roaring" is the construction of towers Dubai Towers - Casablanca and Marina de Casablanca worth 1.1 billion that incorporate residential apartments, hotel, business centre and entertainment centre.

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