RealMAROC to Start Constructions in Kenitra City

RealMAROC, RealCAPITA largest projects, has announced the start of constructions for 2,300 Social Housing Units, by Jet Sakane, on a103,000 m2 plot of land at Kenitra City, located at the west of Morocco.

"Since the launch of RealMAROC till today, every step we´re taking in RealMAROC´s project is a successful move, and here we are today committed to our initial plan and have started the construction activities on Kenitra City" said Mr. Mohammed AlTawash, the Vice Chairman-President of RealCAPITA and the Chairman of "House Invest".

"Today we stand proud and announce the construction in one of our best projects at RealCAPITA" stated Mr. Qais AlMaskati, Executive Vice President of RealCAPITA. "One of the main reasons for choosing this location is the proximity to the Capital Rabat and the boom in the level of economic activities witnessed in the city recently" he added.

RealCAPITA has formed a joint venture in the Kingdom of Morocco with country partner Jet Asset Management to undertake the development of 22,400 Social Housing Units costing approximately US$450 million, in assistance with the government of Morocco. The development seeks to develop the entire project over a period of four years across a number of major cities in Morocco.

Jet Sakane is among the most specialized affordable housing unit development and management companies in Morocco. In addition it was awarded the Ministry of Industry and Commerce´s real estate quality award in 2005.

Kenitra is a city located at the west of Morocco, on the coast of the Atlantic Ocean, with a 40KM distance from the capital Rabat, and estimated population of 400,000.

Since the establishment of RealCAPITA, it was dedicated to offer all the accessibility to its clients through the region, aiming the satisfactions of the investment and their loyal consumers.