Fact: The Jordanian withdraw from the proposed extension of the MOULAY YAACOUB STATION.
Analysis: According to the business press, the Jordanian society Mawared would have withdrawn the proposed extension of the station Moulay Yacoub, driven by CDG DEVELOPMENT. Involving an investment of USD 129 million (ZAR 1.2 billion), this project included as a reminder, the (i) renovation of village guest houses, (ii) the conversion of existing hotel into 4 STARS SOGATOUR two institutions (One and the other 2 stars 3 stars) (iii) development of two new hotels 4 * and 5 * for an additional capacity of 175 rooms and 25 luxury bungalows.
Conclusion: The removal of this investor should delay the implementation of this major project, which aims to be one of the pillars of the "Vision 2020" tourism.
Analysis: According to the business press, the Jordanian society Mawared would have withdrawn the proposed extension of the station Moulay Yacoub, driven by CDG DEVELOPMENT. Involving an investment of USD 129 million (ZAR 1.2 billion), this project included as a reminder, the (i) renovation of village guest houses, (ii) the conversion of existing hotel into 4 STARS SOGATOUR two institutions (One and the other 2 stars 3 stars) (iii) development of two new hotels 4 * and 5 * for an additional capacity of 175 rooms and 25 luxury bungalows.
Conclusion: The removal of this investor should delay the implementation of this major project, which aims to be one of the pillars of the "Vision 2020" tourism.
BMCE Capital Bourse
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