Friday, June 1, 2007

Qatari Diar plans $660 mln Morocco resort

(Reuters) - Qatari Diar Real Estate & Investment Co will invest $660 million in a luxury coastal resort of hotels, holiday homes and a golf course near the northern Moroccan city of Tangier.

Nasser Al Ansari, chief executive of the state-owned company, told a news conference on Thursday the al Houara Resort-Tangier would span 234 hectares of prime Atlantic coastal land and would be fully developed by 2011.


Read more at Reuters Africa

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