The vibrant Tangier property sector has been further boosted by the news that Gulf Holding Company (GHC) has just announced its entry into North Africa with a massive $800 million project in Northern Morocco.
Tangier Port with Cap Malabata in the distance (right)
GHC has acquired the 600,000m2 Royal Resort Cap Malabata development and is to build a prestigious mixed use project called, Villa Royale.
When completed, the project will consist of 400 residential units, a health clinic, an international school and an equestrian centre.
Villa Royale is less than 20 minutes away from Tangier city centre, and enjoys fantastic vistas of both the Med coast and the Straits of Gibraltar and beyond to the coast of Southern Spain.
Other projects currently underway in the Cap Malabata area include Malabata Hills and the luxurious Les Jardins de Malabata residential development.
As well as its convenient location, close Tangier Port with its fast ferries linking Africa to Europe, Cap Malabata also benefits from being within easy reach of the new La Perle de Tangier business, retail and residential complex, taking shape on the eastern edge of the city.
Morocco Property Report – 10th September 2008