Libya
UN Proposes Options to Break Libya Electoral Deadlock
The U.N. Mission in Libya (UNSMIL) said on Friday its Advisory Committee finalized options to resolve disputes over Libya’
1 min read
Samih Sawiris, the Egyptian billionaire and CEO of Orascom, a Cairo-based infrastructure and construction giant, is pursuing a $400 million tourism project in Morocco, according to Morocco World News.
Orascom Investments is spearheading a consortium with investment firms from the UAE and India to secure full ownership of SAEMOG, a Moroccan company managing a tourism development project in Essaouira on the country’s Atlantic coastline.
The acquisition proposal has been submitted to Morocco’s Competition Council for review, with stakeholders given until December 19 to raise any concerns.
The development plan includes constructing three beachfront hotels, renovating an existing hotel, and establishing a shopping and entertainment district in Mogador Village.
As Morocco gears up to host the 2030 FIFA World Cup alongside Spain and Portugal, the country is accelerating efforts to expand its tourism infrastructure in anticipation of a significant increase in visitors.
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