Leading digital real estate site Mubawab has announced a new $ 7 million fundraiser from Emerging Markets Property Group (EMPG), a Pakistani real estate group based in the United Arab Emirates. “Mubawab, through the EMPG Group, has just raised another $ 7 million in funding. This fundraising will allow the …
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KW Anfa is the new Market Center concept launched by the American Keller Williams in Casablanca. Inaugurated on Tuesday January 7, KW Anfa is located in the heart of the Racine district, on Boulevard Anfa. It covers almost 400 m². Designed as a mix between a traditional agency and a …
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The online hotel booking platform “Booking.com” is committed to aligning its practices regarding the presentation of offers and prices with European Union (EU) law, the European Commission said on Friday. “Following dialogue with the European Commission and national consumer protection authorities, Booking.com has committed to changing the way it presents …
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American Travel Magazine “Big 7 Travel” published an article about the 50 friendliest cities in the world. Morocco’s largest and most crowded city, Casablanca, earned the 49th spot on the list. “With a thriving market square that’s home to the city’s Medina, it’s easy to get lost here, but residents …
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Marriott International, Inc. announced plans to open more than 30 luxury hotels in 2020, including Morocco. “In the coming year, the brand is expected to bring its legendary service to Morocco for the first time, with the planned opening of the Ritz-Carlton Rabat, Dar es Salaam in the dynamic capital …
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Real estate in Morocco will revive thanks to crowdfunding, an alternative financial ecosystem, whose legislative framework was approved in parliament. While the real estate sector is going through cyclical downturns marked by a slowdown in sales and large unsold inventories, new financing mechanisms (crowdfunding, REIT…) are coming. From 2020, the …
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The African Asian Bank recently released a report comparing real estate prices in several cities and countries in Africa. Three Moroccan cities are in the top 10 most expensive cities. Marrakech, Tangier and Casablanca ranked fifth, sixth and seventh, respectively, in Africa Wealth 2019. The African Asian Bank real estate …
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CB Holding, a company under Luxembourg law controlled by Actis GP LLP, has just acquired “Delma d’Investissements Touristiques”. As a reminder, the latter, whose main shareholders are Somed (34%) and the Abu Dhabi Fund for Development (34%), was previously owner of the hotel managed by Sheraton Casablanca. Noting that Actis …
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The cement group LafargeHolcim Morocco posted a turnover of 1.9 billion dirhams during the third quarter of 2019, down 1% compared to the same period last year. Thus, the consolidated turnover stood at nearly 5.8 billion dirhams at the end of September, a slight decrease compared to the previous year, …
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After the announcement of its new malls last week in Cannes, the Aksal group has just delivered new details on these projects. The retail specialist, led by Salwa Idrissi Akhannouch intends to maintain the level reached with Morocco Mall Casablanca, the forerunner. This is the case with a very daring …
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