Qatar National Hotels Company (QNH) and the government of Morocco has signed an investment agreement to restore and convert the former Tazi Palace in Tangier into a five-star, 120-room hotel.
QNH will invest $55 million into the transformation. Once completed, the hotel will include two VIP villas and one royal villa, a spa, a fitness centre and a business centre, as well as conference and banqueting facilities.
The project will generate more than 200 jobs for local residents, and is expected to cover 36,000 sq m, including a built-up area of 9500 sq m and gardens, with an outdoor pool and a golf course.
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"Our investment in rehabilitating the Tazi Palace in Tangier aligns with QNH's strategic plans for international expansion, being our second venture in North Africa,” said Hamad Abdulla Al Mulla, CEO, QNH.
“Located in an area with rich cultural heritage and tourist attractions, Tazi Palace will become one of the gems in our portfolio of luxury hotels that carry the glory of ancient times of magnificence."
The agreement was signed in Rabat by the Minister of Industry, Trade and New Technologies Ahmed Reda Chami and Al Mulla. The ceremony was also been attended by representatives of the Ministry of Economy and Finance and Ministry of Tourism and Heritage in Morocco, as well and the Moroccan Agency for Investment Development.
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