Kasada Capital to manage new Morocco tourism fund
Kasada Capital has been selected by Morocco's Mohammed VI Investment Fund as fund manager for a new tourism fund.
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Kasada Capital has been selected by Morocco's Mohammed VI Investment Fund as fund manager for a new tourism fund.
"We have identified Morocco as a country with huge potential for investment into sustainable hospitality assets, and to that end, have recently opened an office in Casablanca to show our commitment to this important market. We are therefore very proud to have been selected together with 13 other fund management companies by The Mohammed VI Investment Fund as co-investors to manage various thematic and sectoral investment vehicles investing into the Moroccan economy paving the way for greater innovation, resilience and job creation; tourism being one of the key strategic sectors supported by this initiative," the firm said in a statement.
"Through productive investments we aim to contribute to developing the Moroccan hospitality sector further and create sustainable jobs across the hospitality spectrum from budget to luxury to lifestyle and leisure."
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