Moroccan authorities unveil plan for new city
The construction of a brand new city was officially announced by King Mohammed VI in Morocco yesterday (January 8th).
Located in the northern area of the country between Tangiers and Tetuan, the development is set to cover an area measuring 1,300 hectares and will initially provide housing for about 150,000 people, the Maghreb Arab Presse (MAP) news agency reports.
The Moroccan authorities hope to finish construction of the city, which forms part of a larger scheme to establish new urban areas in the Al Boughaz region, by 2020. It will cost 24 billion dirhams (£1.91 billion).
According to MAP, the new city will contain "several industrial zones, a handicrafts complex, a tourism-oriented area, city facilities and green areas".
The development will not only boost employment and housing opportunities in the north African nation, but is also intended to prevent the over-development of coastal cities by focusing new construction on inland areas.
Property website countrylife.co.uk recently selected Morocco as one its top ten overseas investment markets for 2009.
Visit our off-plan property Morocco page.
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