Marakkesh hospital to be completed by Q4, 2014

Posted on 10th November 2014

Tasweek Real Estate Marketing and Development has announced that the US$ 40 million 160-bed private hospital forming part of the Marrakesh Healthcare City (MHC) development in Morocco’s third largest city will be completed by Q4 of this year and commence operations by the first half of 2015.

The US$ 40 million MHC residential and healthcare complex has been attracting huge interest from international investors, especially those based in the GCC who want to capitalise on Morocco’s real estate potential, according to news reports on ConstructionWeekOnline.com.

MHC, one of the first healthcare investment initiatives in Morocco, is located on Mohamed the 6th Avenue in Marrakesh just 10 minutes away from both the national airport and the Central Business District.Covering around 21,000 square meters, the mixed-use development will also include a 40-room boutique hotel and an apartment village.

Tasweek

“The opening of Marrakesh Healthcare City’s private hospital in the beginning of 2015 will usher in a new era of healthcare in Morocco and across the African region," said Masood Al Awar, CEO, Tasweek Real Estate Marketing and Development.

The MHC project forms part of the response to the invitation made by King Mohammed VI of Morocco during his visit to Abu Dhabi. His Majesty called on more bilateral business and investment partnerships to further enhance economic cooperation between Morocco and the UAE and consolidate the visions of their leadership.

On a broader level, Tasweek aims to encourage and facilitate more investment ventures between GCC states and Morocco as a strategic partner and main sponsor of the 4th Gulf – Moroccan Investment Forum taking place this month in Casablanca, Morocco.

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