Morocco invests US $866 million to upgrade urban area of Marrakesh
Morocco's King Mohammed VI launched in Tassaltant (commune of Marrakesh), Wednesday, a program worth Dh7.8 billion (US $866 million) to upgrade the urban area of Marrakesh, and preserve the city’s tourism and cultural calling.
The program, to be carried out over a 400 hectare area, consists of building 30,000 houses.
According to MAP, plans of twelve low-cost housing projects were presented to the king. They will be carried out by both public housing enterprises (24,560 houses) and the private sector (5,440 houses). Some 12,528 houses will be built in the first phase of this operation.
The Moroccan king also launched the construction of the “Najd” housing compound, to be implemented on a five year-period by the Biladi group on a 20 hectare area. A total of 235 buildings, comprising 2,500 apartments, will be built in the zone of Akioud, part of this project that will cost 740 million Dhs (US $82.2 million).
The king was also briefed on the Dh600 million (US $66.6 million) “Dar Essaada” housing compound that will be carried out in the zone Al Koudia on a 30 hectare-area. (menareport.com)
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