Gulf Finance House signed a US $1.8 billion (Dh6.61 bn) agreement with Abu Dhabi Investment House to build a health resort in the tourist destination of Essaouira, in Morocco. The partners signed letters of intent on with the Moroccan government in Davos, Switzerland last week, as the World Economic Forum there was in process.
The alliance between the two partners is named Vision3 and it will develop a mixed-use resort known as Dulmania on a 270 acre site. It is expected that the development will be complete in five to six years.
