Kasada Capital was recently selected by Morocco's Mohammed VI Investment Fund as fund manager for a new tourism fund.
In a statement released on Thursday, 17th July, Kasada officials pointed out that they identified Morocco as a country with huge potential for investment into sustainable hospitality assets.
As a way of showing commitment to a market with exceptional potential, Kasada Capital opened an office in Casablanca to handle matters in the country.
Per the statement: “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 company added that it seeks to contribute significantly to the development of the Moroccan hospitality sector.
This will be done through productive investments in order to boost development and create sustainable jobs across the hospitality spectrum from budget and luxury to lifestyle and leisure.
