The FADESA Group has been awarded a tender by the Moroccan government to develop an upscale tourist resort in the southern part of the country in Guelmim Smara, right on the Atlantic coast opposite the Canary Islands. At the foot of Playa Blanca, a beach boasting 40 km of virgin sands, the Spanish company plans to build a large-scale project that will cover an area of some 632 ha., entailing an investment of nearly €450 million.
FADESA plans to build over 5,000 homes, 1,338 of which are earmarked to be residential flats; 865 residential villas; 1,850 tourist flats; and 980 tourist villas. The hotel complex will be made up of eight 4- and 5-star establishments, the first of which are scheduled to open in 2012. Among its many other services and leisure facilities, Playa Blanca will complete its offer with an 18-hole golf course, a retail center, including handicrafts shops and a spa.
Boasting a privileged setting, only 45 minutes from Guelmin's airport and located opposite the coast of the Canary Islands Playa Blanca, aspires to become one of Morocco's major tourist destinations 365 days a year. In this aspect, in addition to its many services, the complex enjoys a mild climate all year round, with temperatures ranging from 17 degrees in winter to 28-30 degrees in summer.
The resort, which targets a medium to upscale clientele from Spain, Morocco and Great Britain, will generate a total of 13,000 jobs, both directly and indirectly and the development will be fully completed in roughly 8 years. This complex is a strategic project of the Plan Azur Visión 2010, designed by the Moroccan Government to attract 10 million tourists a year and to generate 600,000 new jobs.
Source: FADESA
