FINANCIAL NEWS

Morocco- Libra signs agreement with Mourjan Marinas

21 Jul 2010

(MENAFN) Morocco?s Libra Capital said that it has appointed Mourjan Marinas IGY, the luxury developer and manager of marinas and yachting lifestyle destinations, to start the master planning process for its Riviera Waterfront project, Reuters reported.

Located South West of Morocco, the development plans a range of commercial, residential and leisure facilities such as luxury hotels, golf courses, a host of exclusive retail and dining outlets and a recreational marina and is due for completion in 2012.

As well as accommodating smaller yachts, there are also plans to capitalize on the trend for larger vessels with a substantial number of berths being planned for megayachts.

To begin planning the framework for the marina components, Mourjan Marinas IGY have been engaged to lead a variety of marine environmental studies ahead of construction.

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