Tasweek, a provider of comprehensive real estate development solutions for the region, has announced the launch of its new $55-million mixed-use development in Morocco.

It is the second project for the company in the North African nation after the successful project of the 160-bed private hospital as part of the Marrakesh Healthcare City (MHC) development in the country’s third largest city.

The project features key facilities for health, residential, retails and tourism in the city of Agadir, Morocco, said a statement from the UAE-based company.

The move to consider another development in Morocco is in line with Tasweek’s aggressive expansion strategies which will add value to its global portfolio of diverse real estate projects, it stated.

Tasweek CEO Masood Al Awar said the project launch reaffirms the company’s commitment to strengthen bilateral relations between the two countries.

"The project will offer further avenues for GCC investors in the African nation as an attractive, upcoming and lucrative investment destination. We are upbeat that the new project will be as successful as the ’marakech healthcare city," he added.-TradeArabia News Service