LTIC Business Meeting Case Studies on Infrastructure Investments: - PowerPoint PPT Presentation

LTIC Business Meeting Case Studies on Infrastructure Investments: “Eco-city of Zenata” Rabat , 26th of April 2018 03/05/2018 European Investment Bank Group 1

The EIB at a glance • Bank of the European Union • World’s largest multilateral lender and borrower • More than 50 years experience in financing projects over 160 countries • In 2017, lent EUR 78.16 billion supporting, some 901 projects and around EUR 250 billion investment • Provides loans, advisory support and blending of loans with EU and other grant funding 03/05/2018 European Investment Bank Group 2

The EIB at a glance • Headquartered in Luxembourg and 33 local offices • Around 2 900 staff EIB Offices in Europe EIB Offices outside Europe 03/05/2018 European Investment Bank Group 3

EIB approach in the urban sector • Integrated, planning led urban development • Projects with strong social, economic, employment, and environmental benefits • Promote innovation in smart city development, energy efficiency, sustainable mobility, climate action and urban resilience • Apply best practice in areas such as strategic planning, EIA, social assessment, governance, financial sustainability • Mobilise grant funding for investment and advisory support alongside EIB loan funding • Partnership with EU and other IFIs 03/05/2018 European Investment Bank Group 4

Zenata Eco-city An Innovative Sustainable Model

Key Investment Highlights 1 Morocco is a safe and highly attractive investment destination 2 Opportunity to partner with CDG, Morocco’s largest financial institution An ambitious project based on an innovative sustainable model ensuring social cohesion 3 economic development and environmental protection 4 Strategic location in Greater Casablanca, Morocco’s economic hub 5 High value added services expected to generate 100,000 jobs 6 Significant milestones achieved evidencing the project credibility 7 Strong and dedicated management team combining all the required expertise 8 Proven capacity to attract international operators, investors and lenders 9 Sustainable financial performance generating long term value creation

A Strategic Location of 1,830 ha at the Heart of a Region of 8 Million Inhabitants  Casablanca is the wealthiest region of Morocco  Its 2015 GDP represents c. 32% of total national GDP

SAZ is Entrusted with Zenata Project Management in Coordination with All the Stakeholders Financing Institutions Public constituencies CDG Group National and international partners Experts & Advices Operators & Investors

A sustainable model based on the development of high added value service activities  Zenata Eco-City is a public utility project aiming to rebalance Greater Casablanca Region by creating a new Vision urban center based on social cohesion, economic development and environmental protection Green space  470 ha, representing 30% of the territory  100,000 jobs Jobs  300,000 inhabitants  Middle income families with revenues between MAD 10k and MAD 20k per month Inhabitant (c. $1,000 – c. $2,000m)  Health center  4 High-value Education center  added areas Retail center  Logistic center

A long-term project : 30 years of development

A planning timetable supported by a strong momentum Development work & First openings Strategic Studies Development of high added value assets 2009-2012 2012-2016 From 2017  Strategic positioning studies :  Realization of the total off-site  Realization of the motorway  Integrated Healthcare Center high value-added assets, infrastructure (sanitation, interchange  International University Campus economic studies, residential electrification, drinking water)  Realization of the first urban studies  Opening of Phase I of the retail  Phase II of the retail center roads  Environmental impact, network center (IKEA)  Intermodal station  Installation of LED street strategy and technical feasibility  Development of the 1st studies, etc. lighting and street furniture  First housings residential area (70 ha)  Development of the Master Plan  Commercialization of hotel plots, services and proximity equipment

An innovative master plan 1 3 Management Green and of the elements open city Air 470 ha of big urban (30% Fresh air is brought to the city of total land area) parks through natural corridors that aims to and natural corridors lower the temperature by 2 to 3°C conceived to promote during summers and regulates biodiversity humidity during winters (15 m²/habitant Vs. 13 m² Water WHO standards) Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation of temporary pounds 2 4 Accessibilty and A city inner mobility on human scale Each living unit offers all Collective transport The mobility plan integrates the the necessary equipment development of an intermodal station for daily life in terms of (train, Regional train, tramway, bus) education, health, and a high frequency bus network shopping and leisure Soft mobility 12 km of bicycle and pedestrian walkways linking all life units

An innovation in the urban concept (1/2) Integration of environmental and social issues into the urban concept Optimization of environmental assets A city in a middle of a park Natural corridor Water flow Air Fresh air is brought to the city through natural corridors that aims to 470 ha of big urban (30% of total land area) parks and natural lower the temperature by 2 to 3°C during summers and regulates corridors conceived to promote biodiversity humidity during winters (15 m²/habitant Vs. 13 m² WHO standards) Water Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation of temporary pounds

An innovation in the urban concept (2/2) Mobility plan Living units Tramway BHNS BHNS Tramway Living units Soft transport Collective transport Collective transport The mobility plan integrates the development of an intermodal station (train, Regional train, tramway, bus) and a high frequency bus network Each living unit offers all the necessary equipment for daily Soft mobility life in terms of education, health, shopping and leisure 12 km of bicycle and pedestrian walkways linking all life units

A sustainable model based on the development of high added value service activities 25ha 10ha Land  Zenata health cluster proposes an innovative, high quality and accessible offer through:  Zenata shopping & family leisure center will be the largest • High potential specialties selection Concept in North Africa, offering a wide range of products and • High patients volume brands (both national and international) • Standardization of medical protocols and processes • Controlled cost and price transparency Phase 1  Leasable area: 120km² GLA  Healthcare unit: 300 beds by 2020  Financing, development and management partnership  Medical Tower: 30 medical offices for liberal practitioners with Marjane Holding (Morocco), Al Futtaim Group (UAE),  Paramedical Training Center Sonae Sierra (Portugal) and SAZ selected through an  3 stars hotel: 50 rooms + appart hotel : 50 rooms International call of interest  Staff & student accommodation Program  opened in march 2016 (Phase I) Phase 2 $200,000 sales /day  Research & Development for clinical studies  Shopping center & Retail park under construction (Phase  Business Incubation Center II)  MoU signed between SAZ and the Ministry of Health in January 2014

A sustainable model based on the development of high added value service activities 20ha 200ha Land  International University Campus delivering high quality education through 3fields • Medicine  Managed by the National Port Agency Concept • Engineering • Business  Opening in 2021   ~6,000 students in 2030 High value added activities directly created around the Program Logistic hub (waste treatment and recovery sites…)  MoU signed between SAZ and the Ministry of Higher Education in April 2013

Real Estate developments First housing developments First development zone (The Farm : 70 ha)   Housing program: Program:  25,000 units over 8 years  GFA: 850,000m² (7,000 units)  +25,000m² of street retail  Plots area: 2,300 to 20,000m²  First units delivery: Q4 2017  Towers programs: Second housing developments  9 mixed use towers of 130 m (south railway station : 5 ha)   Program: Hotel Program:  2 (2 stars hotels), 2 (3 stars hotels), 1 (4 stars  GFA: 446,565 m² (4,400 units) hotels) and 1 (5 stars hotel)  Plots area: 1,600 to 3,000m²  First plots delivery: 2019

Strong Support from International Institutions and Added Value • Co-financing EIB and AFD: M 300 EUR (150 each) • The loan will cover the 1st development zone: • Infrastructure • Site clearance • Preparation of development sites for sale to developers • NIF grant of M 4 Euros for TA Loan / facility  €150 m  €150m  €4 m amount  April 2013  November 2014  June 2015 Date