Dellah Al Baraka holding to carry out tourism compound in Agadir

Morocco and the holding "Dellah Al Baraka" signed in Rabat on Tuesday a Memorandum of Understanding under which the holding will carry out a large tourism compound in Taghazout (15 km north of the Atlantic sea resort of Agadir).

The project comprises four luxury hotels, a marina, a golf green, and a technological pole. A total of 60,000 direct and indirect jobs will be generated by the project.

Under the agreement, Dellah Al Baraka will conduct a feasibility study, develop the site over 680 hectares, in partnership with a Moroccan company.

The group will also be in charge of selling land plots for hotel and other leisure investments.

The agreement was signed by the holding founder, Sheikh Salah Abdallah Kamel, and the Moroccan ministers of the interior, of economy, finance, tourism and privatization and of equipment and the secretary of state of housing.

The holding groups over 300 enterprises and employs 60,000 persons around the world. Its fields of activity include trade operations, industry, real estate, information and finances.

Meantime, Morocco's King Mohammed VI received in Tangiers on Tuesday, Sheikh Salah Abdallah Kamel, founder of the holding Dellah Al Baraka. The king decorated the businessman with the Alawit Wissam of the commander order.