Kuwait investors of Taameer Real Estate Investment have acquired a plot of land in Morocco for $53 million to develop a real estate project - Kuwait News Agency reports.
The project will involve the construction of a hotel, a mall, villas, and residential apartments, Fawaz Al Bader, the company's chief executive said, according to Zawya Dow Jones, adding that the plot of land, valued at KWD1.2 million, covers an area of 35,000 square meters in Tangier city.
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