Groupe Alliances EBRD sign partnership to develop Moroccan tourism industry

Casablanca – Alliances Hospitality, subsidiary of the Groupe Alliances which specializes in hotel industry, signed, on Friday in Casablanca, a partnership with the European Bank for Reconstruction and Development (EBRD) on the building of 3 and 4 star hotels in Morocco.The agreement was signed by CEO of the Groupe Alliances Mohamed Alami Lazraq and tourism director at EBRD Claudia Pendred.The project provides for an investment worth 50 mln euros, 10 mln euros to be paid by EBRD and 15 by the Groupe Alliances. The project will be carried out by Alliances Hotel Investment, a newly-established company owned by EBRD (40%) and Alliances Hospitality (60%).The first hotels will be constructed in Casablanca and Marrakech, then in other Moroccan cities as Tangier, Rabat and Oujda.