{"id":8804,"date":"2016-03-22T17:00:58","date_gmt":"2016-03-22T10:00:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=8804"},"modified":"2016-03-22T14:09:35","modified_gmt":"2016-03-22T07:09:35","slug":"hill-bags-deal-to-oversee-build-of-gcc-backed-900m-morocco-project","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hill-bags-deal-to-oversee-build-of-gcc-backed-900m-morocco-project\/","title":{"rendered":"Hill bags deal to oversee build of GCC-backed, $900m Morocco project"},"content":{"rendered":"


\n
\nProject management firm Hill International has landed a contract to project manage the first phase of a US$900 million (Dh3.3bn) mixed-use development in Morocco’s capital city, Rabat.The firm said that the contract was awarded by an affiliate of UAE-backed Wessal Capital to project manage Wessal Bouregreg – a project that will contain a 5,000 square metre shopping mall, 4,200 homes and 104,600 sq m of commercial office space, public parks and a waterfront promenade.
\n“The Wessal Bouregreg development\u00a0will provide important residential, commercial and cultural amenities to Rabat,” said\u00a0Waleed Abdel-Fattah, a senior vice president within Hill’s project management group.”We look forward to helping Wessal successfully complete this important project,” added Mr Abdel-Fattah.Wessal Capital is an investment fund set up by King Mohammed VI of Morocco in 2011. It has the backing of several GCC sovereign wealth funds including the UAE’s Aabar Investments, Saudi Arabia’s Public Investment Fund and Qatar Holding.
\nHill International is a US-based project management firm that earned about 47 per cent of fees through work in the Middle East in 2014 – the latest year for which figures are available. It is currently carrying out project management contracts on several mixed-use schemes in Morocco, including the Al Houara Coastal Resort Project in Tangier – a golf and beach resort containing two hotels spread over 234 hectares.
\nAccording to the Oxford Business Group, an estimated $15bn worth of investments have been made by GCC investors in luxury tourism and real estate projects in Morocco, Algeria, Tunisia and Egypt. mfahy@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Hill bags deal to oversee build of GCC-backed, 0m Morocco project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Project management firm Hill International has landed a contract to project manage the first...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8804","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2i0","jetpack-related-posts":[{"id":52361,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saadiyat-island-resort-deal-awarded-to-hill-international\/","url_meta":{"origin":8804,"position":0},"title":"Saadiyat Island resort deal awarded to Hill International","date":"April 20, 2017","format":false,"excerpt":"\r The US project management firm Hill International has won a one-year contract to provide construction management for a new resort development at Saadiyat Island in Abu Dhabi.The company said the contract has been awarded by Sheikh Suroor Projects Department, on behalf of Sheikh Suroor bin Mohammed Al Nahyan. Hill\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-company-to-spend-us20-billion-on-egypts-new-capita\/","url_meta":{"origin":8804,"position":1},"title":"Chinese company to spend US$20 billion on Egypt\u2019s new capita","date":"October 4, 2016","format":false,"excerpt":"\r China Fortune Land Development Co. Ltd. (CFLD) has signed a deal to develop and manage 14,000 acres (5,700 hectares) of Egypt\u2019s new administrative capital at a cost of US$20 billion, the Egyptian cabinet said in a statement on Monday. The development, which will include homes and offices and all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hill-international-to-manage-new-masdar-city-project\/","url_meta":{"origin":8804,"position":2},"title":"Hill International to manage new Masdar City project","date":"March 14, 2017","format":false,"excerpt":"\r US-based project manager Hill International has won a contract to oversee the construction of the latest phase of development at Masdar City.The company has gained a three-year, Dh12.2m contract to project manage the construction of Masdar Institute Neighbourhood \u2014 a new, mixed, use project containing more than 1.1 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hill-jv-wins-dh152m-contract-for-new-lusail-lrt-in-qatar\/","url_meta":{"origin":8804,"position":3},"title":"Hill JV wins Dh152m contract for new Lusail LRT in Qatar","date":"May 12, 2016","format":false,"excerpt":"\r Construction consultancy Hill International has announced that its consortium has won a US$41.6 million (Dh152m) contract to project manage the development of the new Lusail LRT system in Qatar.Hill is a 50 per cent partner in the consortium that will deliver the project on behalf of Qatar Railways Company.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hill-international-to-project-manage-dubai-creek-harbour\/","url_meta":{"origin":8804,"position":4},"title":"Hill International to project manage Dubai Creek Harbour","date":"June 30, 2017","format":false,"excerpt":"\r The company's announcement did not give any more details about the nature of its role, but said that the 113 million square feet project contains nine different districts and is expected to take 30 years to build out, with key elements of the project including the tower taller than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gaw-capital-ready-to-sell-beijing-complex-sources-say-in-what-would-be-the-biggest-property-deal-in-chinas-capital-city-this-year\/","url_meta":{"origin":8804,"position":5},"title":"Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China\u2019s capital city this year","date":"December 7, 2018","format":false,"excerpt":"\r Hong Kong-based Gaw Capital Partners is ready to sell a Beijing landmark complex to a Chinese firm backed by property tycoon Zuo Hui, two sources said, pocketing a handsome profit after acquiring the asset just over four years ago from Hong Kong mogul Richard Li Tzar-kai and upgrading it.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8804"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8804"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8804\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}