Abu Dhabi-based Reem Investments plans to invest $1 bn (EUR 745 mln) in the construction of the Atlas Garden tourist and real estate complex near Marrakech, Morocco. The 200-hectare scheme will include three hotels with more than 2,500 beds and an 18-hole golf course, residential areaa, a trade centre and a craft-trading centre, Italian news agency Ansa reported.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
