Riyadh-based Knowledge Corner Marketing and Business Services has signed an agreement with the Moroccan Taroudant province on behalf of a group of US companies to invest $1.3bn in a portfolio of projects.
The tourism, recreation and health projects will be developed on 8.7 million m² of land in the province and include a theme park and golf course.
Go deeper with GlobalData
Universal park entertainment in Morocco will be spread across an area of six million m², to be managed and supervised by a US company.
A new golf course will be designed to attract two million visitors a year, reported Arabian Business.
A concrete project will also be used to build houses, schools, hotels and other facilities that are low-cost and environmentally friendly.
The consortium plans to build more than 5,000 two-bedroom homes in-line with US, European and other global building standards, as well as a 200,000m² medical spa specialising in weight loss and health solutions for women.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe combined projects will create around 2,500 to 3,000 jobs for young Moroccan nationals.
The US-Saudi alliance will undertake a similar project in southern Saudi Arabia, with details to be revealed following attaining approvals from authorities.
