UAE-based Tasweek Real Estate Development and Marketing will officially open its award-winning Marrakesh Healthcare City (MHC) residential and healthcare complex in Morocco this December.
Earlier this year, the $60 million mixed-use development was named ‘Best Private Medical Project in Morocco and Africa’ at the 2015 Medical Expo in Casablanca. MHC was commended for its role in the emergence of state-of-the-art ‘Healthcare Cities’ and for boosting medical tourism in Morocco.
Covering around 21,000-sq-m and located a few minutes away from the national airport and the Central Business District of Marrakesh, Morocco's third largest city, MHC has helped attract healthcare operators and suppliers from around the world. Its popularity has also paved the way for Tasweek to receive invitations to invest in two ‘smart’ healthcare tourism projects in Morocco.
The Moroccan market is currently ripe for investments amidst ongoing local currency fluctuations and new healthcare opportunities being opened up by new technological advancements. The country’s promising healthcare tourism sector will require robust infrastructure, sound fundamentals and solid medical expertise and resources, all of which can be provided by projects such as MHC.
Masood Al Awar, CEO, Tasweek Real Estate Marketing and Development, said: “Healthcare and tourism are important to the growth and progress of any service sector economy. Especially given how medical tourism now represents a worldwide, multibillion-dollar phenomenon that is expected to grow considerably in the next decade. At Tasweek we believe that the real estate industry should further broaden its contributions to the growth of these two sectors for the benefit of present and future generations. Marrakesh Healthcare City will continue to be a reflection of our dedication to supporting higher and healthier standards of living. We look forward to leveraging other growth opportunities in Morocco’s promising property market.”