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Belgian group 'Atelier' to build sea resort in southern Morocco
Morocco-Belgium, Business, 1/31/2004
The Belgian group 'Atelier' will sign a convention with Morocco to build a sea resort in the Atlantic city of Essaouira (southern Morocco), an official in the group said.
Jean Pierre Reynders, acting administrator of 'Atelier' estimated at one billion Euros the tourism compound to be built on a 500 H-area. Technical studies will require a budget of 100 million Euro, he said.
French and Dutch partners will be associated to the project that will comprise two golf courses, residential areas and hotels with a capacity of 6,000 beds.
The project is scheduled to be completed by 2010.
Previous Stories:
Morocco, Belgium set up 100 million euro-worth investment fund
(9/10/2001)
Belgian investors explore Moroccan market
(3/12/2001)
Belgian business delegation in Morocco Sunday
(2/16/2000)
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