The second development involves a new residential and tourism district located 20 minutes from Tangier. Covering an area of about 230 hectares, Tinja will comprise a marina, hotels, villas, townhouses and apartments. Work on the residential and tourism areas will be completed in 18 months. The project will also include a Georgio Armani branded hotel. Singapore-based SCDA Architects is due to complete detailed msterplanning by the end of the second quarter.

Emaar is also planning to build a ski and golf resort at Oukaimeden in the Atlas mountains. Canada’s TSH with PGM is expected to complete the detailed masterplan by the end of the year on the $1,400 million development.

DIP will invest about $12,000 million over the next five years in a host of projects. It will develop the portfolio with state-run pension fund Caisse de Depot & de Gestion (CDG), its affiliate SABR Amenagement and institutional investors.

DIP has already started site preparation on the estimated $2,000 million Amwaj development in the Bouregreg valley and will build the estimated $600 million Dubai Towers Casablanca. It also announced three other projects in conjunction with CDG including: an estimated $600 million investment in Marina Casablanca, which will have residential and commercial elements, redeveloping the area surrounding the El-Hank lighthouse in Casablanca and developing the Chifria tourism resort on the Tahanaout-Amezmiz road near Marrakech.