CONSTRUCTION OF NEW CITY IN MOROCCO LAUNCHED BY KING MOHAMMED
Monday, 12 Jan 2009
On Thursday, King Mohammed VI launched the construction of the new $2.9 billion city north of Morocco, which is scheduled for completion in 2020. The city, which has been named Ch’rafate, will be built on 1,300 hectares of Morocco property located in Fahs Anjra, and provide 30,000 houses for over 150,000 citizens. It will be situated between Tetuan and Tangier, and is part of the strategic groundwork of the Al Boughaz area’s development scheme, which is set to develop new urban regions inland to prevent a disproportionate favouring of coastal areas.
The project to develop property in Morocco will be undertaken by the real estate firm Al Omrane Al Boughaz, along with international and local property developers. It is designed to improve the road and urban networks in the northern region of the country, as well as provide new housing to satisfy the demand that the Tanger-Med Port and the industrial regions that will surround it will generate.
In addition, it will create a large number of new jobs due to the industrial area that is being established on nearby property in Morocco, while still being environmentally friendly. The city will adhere to all the latest green guidelines to achieve this, and will also provide an urban lifestyle resembling that found along the Mediterranean coast. The city will have a handicrafts centre, tourism-orientated areas, many industrial areas, green areas and city amenities.
During the launch ceremony, the king asked about the 2009-2034 programme of urban development for M’diq city, which is intended to observe the business development on Morocco property between the city and the Tanger-Med Port, replant trees, preserve natural regions, boost financial improvements and attract more tourists into the region. The monarch was also informed of the details of the 2020 Morocco accommodation programme for Fnideq, Tetouan, Tangier and M’diq, which will consist of a further 350,000 houses.
Your Tools
Email these details to a friend
Similar News
-
Property forums top choice for 2009 is Morocco
Friday, 16 Jan 2009 -
The Address Hotels & Resorts team manages Morocco polo retreat property
Tuesday, 13 Jan 2009 -
Morocco property in top 10 for investment in 2009
Thursday, 08 Jan 2009 -
Moroccan developer Addoha upbeat about continuing growth
Wednesday, 07 Jan 2009 -
Property market in Morocco may avoid affects of international turmoil
Tuesday, 06 Jan 2009 -
New equestrian centre project for Marrakech
Friday, 02 Jan 2009
Similar Properties
-
Dream Hills
Price on Application -
The Al Houara Resort
Price on Application -
Cabo Dream Aparthotel
Prices from € 30,000 -
Maha Beach
Prices from € 50,000 -
Cabo Dream Golf
Prices from £ 52,000 -
Cabo Dream Golf
Prices from £ 52,000
Need Advice?
We at Property Select offer impartial advice on buying property overseas, contact us for more information.
We offer help booking investment trips and viewings of property, contact us today.



