Plan Azur Information & Plan Azur Links at HealthHaven.com

The Plan Azur is an investment project initiated by the Moroccan government and will see the creation of six state-of-the-art coastal resorts. Five on the Atlantic coast and one on the Mediterranean coast. The project was started in order to achieve the "Vision 2010" strategy which aims to attract 10 million visitors per year to Morocco.^[1]

[edit] Mediterrania-Saidia

Mediterrania-Saidia is the only Plan Azur resort on the Mediterranean coastline. The 7,000,000 sq m real estate project was launched in 2005 by a Spanish property developer Fadesa. The completion is planned for 2009.

The real estate projects within Mediterrania-Saidia have been a phenomenal success with many selling out in record time. Fadesa has sold several plots within the development to private developers. Le Jardin de Fleur is one example of this. Comprising five different communities — beach front apartments and villas, 5-star hotel, townhouses, and villa compounds, prices start at US$210,000 for a 1,184 sq ft apartment with a 50 sq m terrace.

The difference with Jardin de Fleur is that they are specifically targeting those looking to capitalize on rental income by coming as a hassle-free purchase ready to use. Prices include furniture, kitchen appliances, developer's fees, taxes and VAT. It's close to the Village du Sport complex which sold out last year at US$422m for 750 units, with many going to English Premier League footballers.

[edit] Port Lixus

Port Lixus a lower density resort than Mediterrania-Sadia is near Larache on the northern Atlantic coast, this Azur Plan resort will include two 18-hole golf courses, a new marina, a sports and leisure complex, several hotels and luxurious apartments and villas.

Salixus, a Belgian-Dutch consortium, is the master developer of this €1 billion, 4,620,000 sq m real estate project, earmarked for final completion in 2015. Villas and apartments are now on pre-release and the resort's first phase infrastructure is nearly complete, including the first golf course.

[edit] Mazagan

South of Casablanca is Mazagan - Situated near El Jadida on the Atlantic coast. This Azur Plan resort was launched in late 2007 and will include a world-class casino, two 18-hole golf courses, over 15 km of beach and several hotels and luxury properties.

The main consortium developer for this real estate project is the popular South African company Kerzner, with a long track record of high- profile projects including Sun City in South Africa, Atlantis on The Palm and the Royal Mirage in Dubai.

[edit] Mogador Essouira

Mogador Essaouira the fourth Plan Azur resort covering 5,700,000 sq m will include two 18-hole Gary Player golf courses with more plenteous properties and hotels.

Situated within three km of the mythical beach town of Essaouira, this resort is perfectly placed to become the premier beach destination for Marrakech holiday goers. Consortium leader for this project is Thomas & Piron, also developing Port Lixus and a new world-class casino resort near Ouarzazate.

[edit] Taghazout

A consortium comprising Colony Capital, an American real estate investment firm and a large Canary Islands-based residential tourism company, has been awarded development rights to Taghazout, a US$2 billion tourism infrastructure project near Agadir on the southern Atlantic coast.

Designed as an up- market tourist destination, the development will include several four and five star hotels, two golf courses, and several residential, leisure and retail facilities. Phase 1 properties are due for completion in late 2008.

[edit] Playa Blanca

The final of the six of the Plan Azur regions is Playa Blanca where development rights have been awarded to Fadesa, the main developer of the Mediterrania-Saidia resort.

[edit] See also

[edit] References and notes

^ http://www.arabianbusiness.com/528812-rocking-the-kasbah

[0] ttp://www.arabianbusiness.com/528812-rocking-the-kasbah

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