Trade Arabia
Construction & Real Estate
Morocco-based Omnidior, the real estate subsidiary of Omnipar, will invest MD3 billion ($294 million) to build 8,000 residential units in the country, a report said.
The development will consist of 60 per cent average housing, 27 per cent economic housing and 15 per cent high standard housing, added the Morocco World Newsreport.
The group has projects in the city of Beni Mellal and Fez, noted the report.
“Our goal is to ensure the quality of our units, and of course prices will not be the same. In Beni Mellal, initial prices of apartments will stand at MD600,000. In Casablanca, they will be available for MD900,000,” Leila Berrada, general director of Omnidior, was quoted as saying in the report.
With a land reserve of 300 hectares, the group offers its customers three different types of residential units: socioeconomic housing in Bab El Khir (Fez), prestigious and luxury housing and average housing, the report said.
“Today, our brand is moving towards the launching of innovative projects. We want to give the average housing the importance it deserves and offer a product that meets the needs of the middle class,” Berrada added.
