A total investment of 5 billion dirhams: everything about the revival of the Essaouira Mogador tourist resort

Initiated in 2004, the Mogador tourist resort in Essaouira is finally getting ready to take shape. This, through a strategic agreement that will allow the revival of the project and the expansion of the tourist offer in the region, and which involves three major players: the Egyptian Samih Sawiris, the Emirati Hussain Al Nowais, through Al Nowais Investments, and the Egyptian Hossam El Shaer, through Eastern Investment. Together, they acquire 100% of the share capital and voting rights of SAEMOG (Société d’aménagement d’Essaouira Mogador), with priority actions being the restructuring of debts with the banking consortium, the renovation of existing infrastructure and the construction of new facilities in a logic of upgrading… More