American resort group short-listed for sea resort project in Morocco
Morocco-USA, Business, 4/18/2003

US resort group, Kerzner international, was short-listed to carry out the Mazagan sea resort (near El Jadida) on the Atlantic Ocean.

Kerzner international, that develops and operates premier casinos, resorts and luxury hotels, will be negotiating with the Moroccan government terms of an agreement to regulate the development of the Mazagan sea resort, one of the Azur program's six sea resorts projected nationwide.

The US company, whose flagship destination is Atlantis, a 2,317-room, ocean-themed resort located on Paradise Island, in The Bahamas, has an annual sales of US$ six billion. It is quoted on Wall Street and is considered as one of the world's leading companies in developing "destination resort" products.

The selection commission also chose as a spare developer "Maroc Hotels and Villages," an affiliate of Moroccan state-owned "Caisse de depot et de gestion" (CDG), a fund-managing institution. CDG, which already develops several major tourism projects in Morocco, will be taking over in case negotiations with Kerzner international fail.

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