logo
Mazagan: A Moroccan Luxury Oasis That Blends the Charm of the Atlantic with Rich Historical Heritage

Mazagan: A Moroccan Luxury Oasis That Blends the Charm of the Atlantic with Rich Historical Heritage

Syyaha11-06-2025
– Mazagan… A Colossal Tourism Project Thriving on the Shores of the Atlantic
by Rashad Iskandrni
El Jadida – Morocco – 11th June 2025: Set along the Atlantic coastline, just 90 kilometers south of Casablanca, Mazagan Beach & Golf Resort rises as a unique architectural gem and luxurious destination that combines refined accommodation with the authenticity of a historic setting. Nestled in the heart of the Doukkala region near the historic city of El Jadida, the resort overlooks seven kilometers of pristine beach, embracing the serenity of the ocean and the splendor of nature.
The resort officially opened its doors in October 2009 as part of the Plan Azur, a national tourism development initiative launched by His Majesty King Mohammed VI, aiming to strengthen Morocco's tourism sector and upgrade infrastructure across coastal areas—particularly in El Jadida, formerly known as Mazagan. Once a Portuguese settlement dating back to 1514, Mazagan began as a fortified citadel and gradually evolved into a lush, dreamy city surrounded by greenery, carrying within its walls centuries of history and cultural coexistence.
Mazagan is now considered one of North Africa's leading tourism projects, with a construction cost exceeding $370 million USD and a development period of 21 months, supported by the efforts of approximately 3,800 workers. The project contributed significantly to local economic growth, generating over 1,400 direct jobs and 2,000 indirect jobs in a region whose economy was traditionally centered on agriculture and fishing.
According to Khadija Idrissi El Hajjami, Director of Communications, Public Relations, and Strategic Partnerships, the result is a world-class resort offering:
500 rooms and suites with stunning ocean views
15 restaurants and bars serving gourmet cuisine
An award-winning spa
A nightclub and North Africa's largest casino
One of the largest conference centers in the region
67 private villas
An 18-hole golf course designed by golf legend Gary Player
A 2,000 m² conference center
Full recreational facilities for children and teens
An integrated farm
Stables housing purebred Arabian horses
A central resort pool
A quad bike adventure experience along the Atlantic shore
Strategically located just one hour from Mohammed V International Airport—one of Africa's busiest airports—and about three hours from most major European capitals, the resort is an ideal destination for luxury seekers and discerning travelers.
An Architectural Masterpiece Celebrating the Spirit of Morocco
Spread across 250 hectares, Mazagan stretches along 7 kilometers of white sandy beaches. Its architectural design is inspired by the essence of traditional Moroccan medinas, with earthen-colored walls and signature green-tiled roofs that reflect Andalusian and Moroccan heritage.
The resort was developed by Kerzner International, a global leader in luxury hospitality, known for iconic brands such as Atlantis, One&Only, and Rare Finds—renowned for creating immersive guest experiences and unmatched service standards.
Located near the historic UNESCO World Heritage city of El Jadida, guests at Mazagan can explore the ancient Portuguese citadel and roam its timeless streets rich with Moroccan authenticity.
Mazagan offers a fully immersive experience for lovers of refined living—from gourmet dining to spa indulgence, championship golf, and breathtaking oceanfront views—making it a symbol of excellence for anyone seeking an unforgettable stay in the heart of Morocco.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NBB reports record net profit attributable to the shareholders for six months ended 30 June 2025
NBB reports record net profit attributable to the shareholders for six months ended 30 June 2025

Daily Tribune

time10 hours ago

  • Daily Tribune

NBB reports record net profit attributable to the shareholders for six months ended 30 June 2025

Manama National Bank of Bahrain B.S.C. (NBB) has reported a 2% increase in its net profit attributable to shareholders reaching BHD 19.4 million (USD 51.5 million) for the second quarter ended 30 June 2025, compared to BHD 19.1 million (USD 50.7 million) in the same period of 2024. The increase is supported by the Group's diversified revenue streams including fee-based income which registered a 45% growth, gains from client-related activities and lower provisioning requirements. Earnings per share increased to 9 fils (USD 2 cents) for the second quarter of 2025 compared with 8 fils (2 cents) in the same period of 2024. Total comprehensive income attributable to NBB's shareholders for the quarter decreased by 28% to BHD 13.9 million (USD 36.9 million) compared to BHD 19.4 million (USD 51.5 million) in the same period 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Year-to-date NBB has reported a 2% increase in its net profit attributable to the shareholders for the six months ended 30 June 2025, recording BHD 47.5 million (USD 126.0 million) compared to BHD 46.6 million (USD 123.6 million) for the same period of 2024. The increase was driven by higher operating income supported by stable operating expenses. Earnings per share remained at 21 fils (USD 6 cents) compared with the same period in 2024. Total comprehensive income attributable to NBB's shareholders for the period decreased by 33% to BHD 34.3 million (USD 91.0 million) compared with 51.4 million (USD 136.3 million) in 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Balance sheet The Group's total equity attributable to shareholders decreased by 4% as of 30 June 2025 to BHD 560.4 million (USD 1,486.5 million) compared to BHD 583.8 million (USD 1,548.5 million) reported as of 31 December 2024. The change is mainly a reflection of the Group's proactive distribution of value to its shareholders following the approval and declaration of BHD 56.4 million in year-end cash dividends for 2024, while maintaining a robust capital position. The Group's total assets increased by 8% during the period to BHD 5,967.7 million (USD 15,829.4 million) compared to BHD 5,522.2 million (USD 14,647.7 million) recorded on 31 December 2024. Interim dividends Following the Group's strong performance, the Board of Directors proposed an interim cash dividend amounting to BHD 22.6 million which represents 10% of share nominal value, equivalent to 10 fils per share. The payment is subject to regulatory approval. On the occasion, Mrs. Hala Yateem, Chairperson of NBB said, 'NBB has maintained a strong financial performance in the first half of 2025, registering an attributable net profit of BHD 47.5 million, an increase of 2% compared to the same period last year, and a record result for the first six months of any year. This growth was underpinned by a robust balance sheet, with total assets up 8% from the year-end level. Following this sustained positive trajectory, the Board has approved an interim cash dividend of 10%, underscoring our ability to deliver consistent returns to shareholders. Our return on average equity of 16.9% further highlights the Group's financial resilience. Beyond the financial metrics, we remain focused on supporting the national developmental agenda through continued investments in community-focused and ESG-driven initiatives. Our progress so far reflects the strength of our current market position as we move into the second half of the year.' Usman Ahmed, Group Chief Executive Officer of NBB commented, 'Our operating profit for the first six months of 2025 reached BHD 53.6 million, representing a 4% increase over the same period last year. A growth of 8% in total assets and 5% in customer deposits indicates the strength of our balance sheet and the continued trust of our clients. These results additionally showcase how we continue to enhance our service quality and broaden our social contributions with work that has garnered industry acclaim. During the second quarter of the year, NBB received the Euromoney Awards for Excellence for 'Best Bank in Bahrain', 'Best Bank for ESG', and 'Best Bank for Corporate Responsibility' for our standout financial performance, digital transformation initiatives and customer-centricity. We were also named the 'Best Retail Bank – Bahrain' and 'Best Payment Ecosystem Integration for Corporates' at MEED's MENA Banking Excellence Awards.

NBB REPORTS RECORD NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS FOR THE SIX MONTHS ENDED 30 JUNE 2025
NBB REPORTS RECORD NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS FOR THE SIX MONTHS ENDED 30 JUNE 2025

Biz Bahrain

timea day ago

  • Biz Bahrain

NBB REPORTS RECORD NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS FOR THE SIX MONTHS ENDED 30 JUNE 2025

National Bank of Bahrain B.S.C. (NBB) has reported a 2% increase in its net profit attributable to shareholders reaching BHD 19.4 million (USD 51.5 million) for the second quarter ended 30 June 2025, compared to BHD 19.1 million (USD 50.7 million) in the same period of 2024. The increase is supported by the Group's diversified revenue streams including fee-based income which registered a 45% growth, gains from client-related activities and lower provisioning requirements. Earnings per share increased to 9 fils (USD 2 cents) for the second quarter of 2025 compared with 8 fils (2 cents) in the same period of 2024. Total comprehensive income attributable to NBB's shareholders for the quarter decreased by 28% to BHD 13.9 million (USD 36.9 million) compared to BHD 19.4 million (USD 51.5 million) in the same period 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Year-to-date NBB has reported a 2% increase in its net profit attributable to the shareholders for the six months ended 30 June 2025, recording BHD 47.5 million (USD 126.0 million) compared to BHD 46.6 million (USD 123.6 million) for the same period of 2024. The increase was driven by higher operating income supported by stable operating expenses. Earnings per share remained at 21 fils (USD 6 cents) compared with the same period in 2024. Total comprehensive income attributable to NBB's shareholders for the period decreased by 33% to BHD 34.3 million (USD 91.0 million) compared with 51.4 million (USD 136.3 million) in 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Balance sheet The Group's total equity attributable to shareholders decreased by 4% as of 30 June 2025 to BHD 560.4 million (USD 1,486.5 million) compared to BHD 583.8 million (USD 1,548.5 million) reported as of 31 December 2024. The change is mainly a reflection of the Group's proactive distribution of value to its shareholders following the approval and declaration of BHD 56.4 million in year-end cash dividends for 2024, while maintaining a robust capital position. The Group's total assets increased by 8% during the period to BHD 5,967.7 million (USD 15,829.4 million) compared to BHD 5,522.2 million (USD 14,647.7 million) recorded on 31 December 2024. Interim dividends Following the Group's strong performance, the Board of Directors proposed an interim cash dividend amounting to BHD 22.6 million which represents 10% of share nominal value, equivalent to 10 fils per share. The payment is subject to regulatory approval. Commentary On the occasion, Mrs. Hala Yateem, Chairperson of NBB said, 'NBB has maintained a strong financial performance in the first half of 2025, registering an attributable net profit of BHD 47.5 million, an increase of 2% compared to the same period last year, and a record result for the first six months of any year. This growth was underpinned by a robust balance sheet, with total assets up 8% from the year-end level. Following this sustained positive trajectory, the Board has approved an interim cash dividend of 10%, underscoring our ability to deliver consistent returns to shareholders. Our return on average equity of 16.9% further highlights the Group's financial resilience. Beyond the financial metrics, we remain focused on supporting the national developmental agenda through continued investments in community-focused and ESG-driven initiatives. Our progress so far reflects the strength of our current market position as we move into the second half of the year.' Usman Ahmed, Group Chief Executive Officer of NBB commented, 'Our operating profit for the first six months of 2025 reached BHD 53.6 million, representing a 4% increase over the same period last year. A growth of 8% in total assets and 5% in customer deposits indicates the strength of our balance sheet and the continued trust of our clients. These results additionally showcase how we continue to enhance our service quality and broaden our social contributions with work that has garnered industry acclaim. During the second quarter of the year, NBB received the Euromoney Awards for Excellence for 'Best Bank in Bahrain', 'Best Bank for ESG', and 'Best Bank for Corporate Responsibility' for our standout financial performance, digital transformation initiatives and customer-centricity. We were also named the 'Best Retail Bank – Bahrain' and 'Best Payment Ecosystem Integration for Corporates' at MEED's MENA Banking Excellence Awards. Our team remains committed to consistently delivering exceptional customer experiences and sustainable growth across the Group.'

Al Baraka Islamic Bank Announces Expansion of Cash Prizes for 'Al Barakat' Account to a Total of USD 6 Million in 2025
Al Baraka Islamic Bank Announces Expansion of Cash Prizes for 'Al Barakat' Account to a Total of USD 6 Million in 2025

Daily Tribune

time7 days ago

  • Daily Tribune

Al Baraka Islamic Bank Announces Expansion of Cash Prizes for 'Al Barakat' Account to a Total of USD 6 Million in 2025

Al Baraka Islamic Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced an increase in the valuable cash prizes under Al Barakat Account prize scheme through year-end under the theme 'The Door of Al Barakat is now bigger', bringing total cash prizes to USD 6 million during 2025. This reflects the Bank's commitment to offering customers greater chances to win and achieve their aspirations. The first draw will take place on September 30, 2025, with 13 cash prizes totalling USD 350,000, including three grand prizes of USD 100,000 each. The second draw will follow in November 2025, offering 16 cash prizes totalling USD 250,000, including two prizes of USD 100,000 each. Al Barakat will conclude 2025 with a massive draw in early 2026, offering its customers unprecedented prizes totaling USD one million, which will be awarded to 11 winners, including 750,000 US dollars to be distributed among three winners. Commenting on the occasion, Mr. Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said: 'At Al Baraka Islamic Bank, we remain committed to providing rewarding, Shari'ah-compliant banking solutions, and the expansion of the Al Barakat Account prize programme is a key step in this direction. By diversifying and increasing prize tiers and holding multiple draws, we enhance our customers' chances of winning and encourage them to save and invest with confidence.' He added: 'We are pleased to invite all our valued customers to participate and grow their savings with Al Barakat. We wish everyone the best of luck in benefiting from the valuable winning opportunities as 'The Door of Al Barakat Just Widened', while we continue to enhance our services to deliver outstanding banking experiences that meet diverse needs and support our customers' financial ambitions.' The Al Barakat Investment Account from Al Baraka Islamic Bank, which is Shari'ah-compliant, offers multiple opportunities to win amazing cash prizes throughout the investment period, with a minimum deposit of BD 50 or the equivalent of USD 135. Individuals of all nationalities aged 18 and above can open an Al Barakat Investment Account via Al Baraka Islamic Bank's mobile app without the need to visit a branch. Accounts for those under 18 can be opened by their parents or legal guardians. Al Baraka Islamic Bank is a leading Islamic bank in the Kingdom of Bahrain. Since its establishment in 1984, it has delivered outstanding results in operations and services for both individual and corporate clients. The bank has a proven track record of developing and providing innovative Shari'a-compliant investment solutions to a diverse global client base.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store