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HomeEconomyKuwait's Alargan Real Estate to invest $199mln in Morocco

Kuwait’s Alargan Real Estate to invest $199mln in Morocco

The projects, which will take place in Casablanca, will be established on an area of 10,000 square metres

 

ย Alargan International Real Estate Companyย plans to invest KWD 60 million ($199 million) in the Moroccan market, a top official has said.

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The projects, which will take place in Casablanca, will be established on an area of 10,000 square metres, Al-Qabas newspaper reported, citing Alargan’s vice chairman and CEO Khaled Al Mashaan as saying.

The real estate company will provide commercial and residential services, in addition to long-stay hotel rooms and offices, Al Mashaan added, noting that Alargan’s stake in the aforementioned projects will reach 35%.Moreover, the company also plans to develop residential projects for the low-income segment, as the unitโ€™s total cost will not exceed KWD 8,000.

It is worth noting that Alargan company intends to invest in both the Indian and Egyptian real estate markets.

 

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