TASWEEK considers two additional ‘smart’ healthcare tourism projects in Morocco for its portfolio

Press release
Published September 16th, 2015 - 09:49 GMT

TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the property markets, has confirmed that the Grand Opening of its award-winning Marrakesh Healthcare City (MHC) residential and healthcare complex in Morocco will be held in December 2015.

Earlier this year, the USD 60 million mixed-use development was named ‘Best Private Medical Project in Morocco and Africa’ at the 2015 Medical Expo in Casablanca. MHC was commended for its role in the emergence of state-of-the-art ‘Healthcare Cities’ and for boosting medical tourism in Morocco. Covering around 21,000 sqm and located a few minutes away from the national airport and the Central Business District of Marrakesh, Morocco's third largest city, MHC has helped attract healthcare operators and suppliers from around the world. Its popularity has also paved the way for TASWEEK to receive invitations to invest in two ‘smart’ healthcare tourism projects in Morocco.

The Moroccan market is currently ripe for investments amidst ongoing local currency fluctuations and new healthcare opportunities being opened up by new technological advancements. The country’s promising healthcare tourism sector will require robust infrastructure, sound fundamentals and solid medical expertise and resources, all of which can be provided by projects such as MHC.

Masood Al Awar, CEO, TASWEEK Real Estate Marketing and Development, said: “Healthcare and tourism are important to the growth and progress of any service sector economy. Especially given how medical tourism now represents a worldwide, multibillion-dollar phenomenon that is expected to grow considerably in the next decade. At TASWEEK we believe that the real estate industry should further broaden its contributions to the growth of these two sectors for the benefit of present and future generations. Marrakesh Healthcare City will continue to be a reflection of our dedication to supporting higher and healthier standards of living. We look forward to leveraging other growth opportunities in Morocco’s promising property market.” 

The rising appeal of MHC reflects global market and investor requirements and trends observed and discussed during Cityscape Global 2015, the latest edition of the Middle East largest annual real estate event held recently in Dubai. TASWEEK notes that there is a strong demand for high-end projects such as MHC that are socially relevant, technology- and luxury-driven, inclusive of luxury residential elements, eco-friendly, and highly profitable.

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