Abu Dhabi: Abu Dhabi-based Al Qudra Holding yesterday announced it is investing in Morocco's infrastructure sector following plans to open an office shortly.
"Establishing an office in Morocco marks Al Qudra Holding's first step in expanding regionally." said Salah Salem Bin Omeir Al Shamsi, chairman and managing director of Al Qudra Holding. "Operations at our Moroccan offices should commence by October of this year. We will start with the city's infrastructure and transportation development."
A high-level delegation from Al Qudra Holding, led by Al Shamsi and Khalifa Khouri, visited the President of the Region of Rabat, Hassan Armani, to discuss strategic investments in Morocco's capital city.
Electric tram
Also present was Al Qudra Holding's Morocco-based representative, Taha Abdul Jalil Al Fahim, regional director, and Hadi Tahboub, general manager of Q-Link.
Al Qudra Holding plans to invest in Rabat's public transport infrastructure that aims in developing the concept of an electrically driven tram-way in Rabat city.
"The President welcomed Al Qudra Holding's initiatives to develop water taxis and a water bus concept to ease traffic congestion. Heavy traffic is causing a problem in areas which are witnessing a number of important property development projects," said Al Shamsi.
Al Qudra Real Estate, a subsidiary of Al Qudra Holding, is also involved in real estate projects in Morocco.