The laying of the foundation stone at the Bab Al Bahr development in Morocco.
Abu Dhabi-based Al Maabar, has officially laid the foundation stone of its mixed-use development Bab Al Bahr in Morocco.
The real estate company held a ceremony to mark the occasion yesterday, attended by HH Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and HRH Prince Moulay Rachid of Morocco.
“This year Al Maabar has an intensive schedule of infrastructure milestones, groundbreaking ceremonies and launches, which sends a strong signal to our partners that Al Maabar is firmly committed to achieving its long-term plans,” said Yousef Al Nowais, managing director of Al Maabar.
“In Morocco we are working closely with our partners to ensure that Bab Al Bahr is progressing as planned, and I am delighted to see the successful progression of phase one,” he said.
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Bab Al Bahr, located near to the ancient cities of Rabat and Sale, is being developed in a joint venture between Al Maabar and L’Agence pour le Développement de Bouregreg.
Work began on the site at the end of 2008 and is scheduled for completion in 2012.
The development is divided into seven distinct quarters encompassing retail, hospitality, high-end residential and commercial units. The site has a built up area of 550,000m2.
Al Maabar said: “The inspiration behind the master plan comes from the old streets and walkways of Rabat. The modernised version maintains the same picturesque and traditional community feeling of the old city, but with a luxurious and contemporary ambiance.”
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