The Plan Azur Oued Chibka

The commercial operations for the first part of the project will start next week. Oued Chbika Development, the subsiduary of the group Orascom Development Holding, must soon obtain the permit for building plots.. « work must start in October or next November on a surface area of around 500 hectares», said Kenza Grefft-Alami, marketing director for Oued Chbika Development. She added that "The start of work remains, however, dependent on the granting of the permit."

Three years after the signature of the joint venture contract, Orascom Development (65%) and CDG Development (35%) reaffirmed their commitment to develop the future tourist town of Oued Chibka, on of 3 seaside sites which are an extension of the Plan Azur.

« The project will certainly cost 6 billion dirhams in advance», said an official on behalf of CDG Development .Besides a marina with 100 births, the first phase, expected to be completed in 2015, will involve the development of five 5 star hotels , three 4 star hotels, 1,851 residential units, a golf course with 27 holes, a medina, a Museum, a neighborhood of the crafts and trades. There will be restaurants, a fitness center, spa, a cinema, a medical unit and a conference center also on the menu. The realisation of the hotel units should increase the national bed capacity of 7,500 beds.



The area of residential units will vary between 80 and 180 m2 for apartments between 300 and 500 m2 villas and between 120 and 250 m2 for riads. The price of apartments is set at 2 million DH in average. The villas will cost between 7.6 million and 12.8 million DH. As for the riads, they will be offered from 2.6 million DH. Oued Chbika Development will also sell haciendas (land to build on a period of 10 years) from 4000-5000 m2 to 1.8 million from DH.

At 50 km from Tan-Tan and a total area of 1,500 hectares, Chbika will not only enhance the tourism potential of the southern and coastal areas of Morocco, but also promote economic activity through the creation of 2,500 direct jobs and 12,500 indirect result of the first phase.

The architectural authenticity and the strategic position of Oued Chbika between the Atlantic Ocean and the dunes of the Sahara project will be one of the most important tourist destinations of Morocco. "As in all our projects, we are committed to integrating sustainable environmental practices. Our goal is to provide the resort with an ideal infrastructure to serve a lifestyle that respects the environment, "said Ulrich Floersch, CEO of Oued Chbika Development.


Orascom Development Holding, which holds 65% interest in Oued Chbika Development, is a leading developer of fully integrated towns that include hotels, villas and private apartments, leisure facilities such as golf courses, marinas and infrastructure support. The diverse portfolio of Orascom Development is spread over 9 countries (Egypt, Jordan, UAE, Oman, Switzerland, Morocco, United Kingdom, Montenegro and Romania), with emphasis on the tourist cities and Recently, social housing. The group has four ongoing projects: El Gouna, the flagship project, is a separate town on the coast of the Red Sea (Egypt). Taba Heights, the Sinai Peninsula (Egypt), is the second tourist destination proupe designed according to the Business Model of El Gouna. The Cove (Ras Al Khaimah, United Arab Emirates) is the first experience of group development project outside of Egypt.


From an article by Bouchra Sabib l'Economiste 3 August 2010.