The foundation stone of a $1.3bn real estate project was laid in Tangiers, Morocco on Monday. The mega project of the Kuwaiti Gulf Holding Company (GHC) is the fourth real estate project launched by a Gulf Company in Morocco in the past few years after Dubai's Emaar Properties, Sama Dubai and Qatar's Diyar. The project, which will be built on an area of 1.13 million square metres, comprises a residential part that includes palaces and residential units, as well as a clinic, a school, an equestrian centre and a retail complex of cafes, restaurants and shops.