Emaar Properties has appointed Yves Delmar as CEO of Emaar Morocco to lead a diversified portfolio of master-planned projects of development value MAD 54.75 billion (US$6.87 billion; AED 25.3 billion).
Emaar: Setting the Scene in Morocco
Mr. Delmar brings over 25 years of international industry experience and will report to Issam Galadari, Managing Director, Emaar International - Middle East and North Africa.“Mr. Delmar is an accomplished professional and has proven his experience in project design, development and construction in Switzerland and other international markets,” said Mr. Galadari. “He has held senior management positions with top architectural and real estate companies, and is mandated to give an international outlook for Emaar Morocco’s operations. ”Emaar Morocco has unveiled three master-planned projects – Tinja, Oukaimeden and Saphira - as part of a MAD 42.6 billion (US$5.34 billion; AED 19.6 billion) Memorandum of Understanding with the Moroccan Government under the patronage of His Majesty King Mohammed VI, King of Morocco.
Emaar Morocco has also joined hands with Onapar, part of the ONA Group, to develop the MAD 2.6 billion (US$327 million; AED 1.2 billion) Amelkis II and III, and the MAD 9.56 billion (US$1.2 billion; AED 4.4 billion) Bahia Bay.“Emaar has proven its expertise in creating world-class master-planned projects that usher in a new lifestyle opportunity,” said Mr. Delmar.“Emaar Morocco will uphold the exemplary track-record of Emaar, while being committed to the overall socio-economic development of the Kingdom through strategic partnerships, creating job opportunities for the youngsters and supporting ancillary industries.
”He added: “Emaar Morocco’s projects complement the efforts of the Moroccan Government in strengthening various growth sectors including tourism. Each has an unparalleled identity that will appeal to the Moroccans as well as to the international community, who are looking at investment opportunities in the Kingdom.”