Gulf Finance House BSC(GFH), a leading Islamic investment bank specializing in conception and execution of economic infrastructures in some of the world's fastest growing economies, recently announced that infrastructure works have begun on two exceptional projects in the Kingdom of Morocco. Royal Ranches Marrakech and Royal Resort Cap Malabata in the cities of Marrakech and Tangiers respectively are both mixed use developments with a combined value of circa $1.6 billion and will take shape over a total of 60 months while initial infrastructure work will occupy a period of 12 months. Royal Ranches Marrakech is a $ 1 billion mixed-use sporting, leisure and residential city spread over a total area of 380 hectares. On completion, the resort will offer a wealth of equestrian facilities with the development of a world-class equestrian training center, polo field, horse breeding centre, horse riding arena and training centre, equestrian children's club, state of the art stabling and veterinary facilities. The $582 Royal Resort Cap Malabata integrates tourist, commercial and residential themes and is set to cover a total area of 113 hectares. It will encompass residential villas and apartments, riyads, hotels, a cultural village, an equestrian club and a school. The resort will also serve as a hub for the international business community, offering an exclusive location for corporate meetings, conventions and exhibitions. GFH Chairman Esam Y. Janahi said “Morocco is the perfect location for this initiative and it marks the next exciting step in its delivery. It further underscores our commitment not just to the conception but also the delivery." __
