Trade Arabia
Dubai-based GVG Real Estate Development has announced that work is in full swing on its iconic mega-project, Emirates Touristic Resort in Morocco.
Extending over more than 47 million sq ft area, the Emirates Touristic Resort is the largest mixed-use development project off the plains and foothills of the famous Atlas Mountains in Marrakesh, the third largest city in Morocco.
It features 350 modern residential villas with a distinctive Emirati style, 36 hotel apartment buildings with lush green landscapes, medical tourism centres, a spa, a sauna, shopping units, restaurants, cafes, sports complexes, swimming pools as well as green parks.
The project is being developed in four phases, of which two are already under completion and include infrastructure works, and an 80% completion rate for the construction works for the first batch of residential villas as well as 40% of construction works for the first batch of hotel apartment buildings is completed.
Founder and President Ali Al Salami said GVG teams on ground are continuing to develop the project, with the aim of completing the first two phases during Q2 2021 so that we can start the handover process which include over 97 residential villas and 8 buildings containing 120 hotel apartments to investors.”
“The project was previously known as “Green Valley City” before work halted last year, and this is where we came in and acquired the project, appointed well known contractors, and injected huge investments to resume construction and deliver to investors what was promised,” explained Al Salami.
“We are dealing patiently with the economic challenges posed by the pandemic; however, we have succeeded in securing the project’s supply chains with construction and human resources and equipping the work site with the engineering teams and the required mechanism in order to continue construction works throughout the week,” he added.
-TradeArabia News Service
