Gazprom’s real estate subsidiary to invest one bln euros in Morocco
Written by on July 5th, 2008 in Real Estate.
TANGIER, Morocco, July 4, 2008 (AFP) - The real estate subsidiary of Russian gas giant Gazprom is to invest nearly one billion euros in northern Morocco, an aide told AFP Friday. To see through the project the subsidiary, Intelco, set up a Moroccan group, Kudla, whose capital is listed at 155 million dirhams (13.5 million euros or 21.1 million dollars), the Moroccan unit’s Mohamed Ghalat said. Kudla will invest 5.6 billion dirhams to build a 48-hectare (120 acres) Paradise Golf Resort at Aouc