The Mogador tourist resort in Essaouira is entering a new phase of development thanks to a strategic partnership bringing together Morocco and a consortium of international investors.
With a total investment of 5 billion DH, this project aims to transform Mogador into a high-end tourist destination, while highlighting cultural identity and rich local heritage.
The first phase, planned over three years, includes the renovation of existing infrastructure, the construction of new hotels, residences and commercial spaces, as well as the opening of a Club Med, to reach a reception capacity of 800 to 1,000 keys. By generating more than 2,000 direct and 6,000 indirect jobs, the project aims to boost the regional economy.
“With this project, we aim to bring Mogador back to life by making it a model of sustainable and integrated tourism. Essaouira deserves to shine on the global tourism scene, and we are determined to contribute to this goal with passion and commitment,” said Samih Sawiris founder of Orascom Development Holding.
“This partnership reflects our common vision: to offer a unique tourist experience, anchored in local authenticity while meeting international standards. We firmly believe in the potential of Essaouira as a must-visit destination for travelers from around the world,” said Hussain Al Nowais, chairman of Al Nowais Investments.
For his part, Hossam El Shaer, through Eastern Investment LTD, added: “We will use all of our skills and resources to bring this project to fruition and position the tourist resort as an accomplished destination and make the Essaouira region shine, thus being part of the fulfillment of the enlightened vision of Sa Majesty King Mohammed VI for the development of the region and the tourism sector’’.
The consortium of investors, led by Samih Sawiris, Hussain Al Nowais and Hossam El Shaer, is committed to combining sustainability and innovation to position Mogador as a world-class tourism destination.
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