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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 Worlds largest


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03/05/2018 European Investment Bank Group 1

Rabat , 26th of April 2018

LTIC Business Meeting Case Studies on Infrastructure Investments: “Eco-city of Zenata”

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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

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03/05/2018 European Investment Bank Group 3

The EIB at a glance

  • Headquartered in Luxembourg and 33 local offices
  • Around 2 900 staff

EIB Offices in Europe EIB Offices outside Europe

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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

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Zenata Eco-city An Innovative Sustainable Model

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Key Investment Highlights

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

2 6 4 1 3 5 7 8

Sustainable financial performance generating long term value creation

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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%
  • f total national GDP
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SAZ is Entrusted with Zenata Project Management in Coordination with All the Stakeholders

Experts & Advices Operators & Investors Financing Institutions CDG Group National and international partners Public constituencies

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A sustainable model based on the development of high added value service activities

Jobs Vision 4 High-value added areas Inhabitant

  • Zenata Eco-City is a public utility project aiming to rebalance Greater Casablanca Region by creating a new

urban center based on social cohesion, economic development and environmental protection

  • 100,000 jobs
  • 300,000 inhabitants
  • Middle income families with revenues between MAD 10k and MAD 20k per month

(c. $1,000 – c. $2,000m)

  • Health center
  • Education center
  • Retail center
  • Logistic center

Green space

  • 470 ha, representing 30% of the territory
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A long-term project : 30 years of development

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A planning timetable supported by a strong momentum

From 2017 Strategic Studies Development work & First openings Development of high added value assets

  • Strategic positioning studies :

high value-added assets, economic studies, residential studies

  • Environmental impact, network

strategy and technical feasibility studies, etc.

  • Development of the Master Plan
  • Realization of the total off-site

infrastructure (sanitation, electrification, drinking water)

  • Opening of Phase I of the retail

center (IKEA)

  • Development of the 1st

residential area (70 ha)

  • Commercialization of hotel plots,

services and proximity equipment

  • Integrated Healthcare Center
  • International University Campus
  • Phase II of the retail center
  • Intermodal station
  • First housings
  • Realization of the motorway

interchange

  • Realization of the first urban

roads

  • Installation of LED street

lighting and street furniture 2012-2016 2009-2012

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An innovative master plan

470 ha of big urban (30%

  • f total land area) parks

and natural corridors conceived to promote biodiversity (15 m²/habitant Vs. 13 m² WHO standards) Each living unit offers all the necessary equipment for daily life in terms of education, health, shopping and leisure Collective transport The mobility plan integrates the development of an intermodal station (train, Regional train, tramway, bus) and a high frequency bus network Soft mobility 12 km

  • f

bicycle and pedestrian walkways linking all life units Air Fresh air is brought to the city through natural corridors that aims to lower the temperature by 2 to 3°C during summers and regulates humidity during winters 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

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Management

  • f the elements

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Accessibilty and inner mobility

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Green and

  • pen city

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A city

  • n human scale
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An innovation in the urban concept (1/2)

Integration of environmental and social issues into the urban concept

Optimization of environmental assets

Natural corridor Water flow

A city in a middle of a park

Air Fresh air is brought to the city through natural corridors that aims to lower the temperature by 2 to 3°C during summers and regulates humidity during winters Water Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation

  • f temporary pounds

470 ha of big urban (30% of total land area) parks and natural corridors conceived to promote biodiversity (15 m²/habitant Vs. 13 m² WHO standards)

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Collective transport

Living units

Soft transport

BHNS Tramway BHNS Tramway Living units

Mobility plan

An innovation in the urban concept (2/2)

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

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A sustainable model based on the development of high added value service activities

Land 25ha 10ha Concept

  • Zenata shopping & family leisure center will be the largest

in North Africa, offering a wide range of products and brands (both national and international)

  • Zenata health cluster proposes an innovative, high quality

and accessible offer through:

  • High potential specialties selection
  • High patients volume
  • Standardization of medical protocols and processes
  • Controlled cost and price transparency

Program

  • Leasable area: 120km² GLA
  • Financing, development and management partnership

with Marjane Holding (Morocco), Al Futtaim Group (UAE), Sonae Sierra (Portugal) and SAZ selected through an International call of interest

  • pened in march 2016 (Phase I)

$200,000 sales /day

  • Shopping center & Retail park under construction (Phase

II) Phase 1

  • Healthcare unit: 300 beds by 2020
  • Medical Tower: 30 medical offices for liberal practitioners
  • Paramedical Training Center
  • 3 stars hotel: 50 rooms + appart hotel : 50 rooms
  • Staff & student accommodation

Phase 2

  • Research & Development for clinical studies
  • Business Incubation Center
  • MoU signed between SAZ and the Ministry of Health

in January 2014

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A sustainable model based on the development of high added value service activities

Land 20ha 200ha Concept

  • International University Campus delivering high quality

education through 3fields

  • Medicine
  • Engineering
  • Business
  • Managed by the National Port Agency

Program

  • Opening in 2021
  • ~6,000 students in 2030
  • MoU signed between SAZ and the Ministry of Higher

Education in April 2013

  • High value added activities directly created around the

Logistic hub (waste treatment and recovery sites…)

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  • Housing program:
  • 25,000 units over 8 years
  • +25,000m² of street retail
  • Towers programs:
  • 9 mixed use towers of 130 m
  • Hotel Program:
  • 2 (2 stars hotels), 2 (3 stars hotels), 1 (4 stars

hotels) and 1 (5 stars hotel)

  • Program:
  • GFA: 850,000m² (7,000 units)
  • Plots area: 2,300 to 20,000m²
  • First units delivery: Q4 2017

Real Estate developments

First development zone

  • Program:
  • GFA: 446,565 m² (4,400 units)
  • Plots area: 1,600 to 3,000m²
  • First plots delivery: 2019

First housing developments (The Farm : 70 ha) Second housing developments (south railway station : 5 ha)

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Strong Support from International Institutions and Added Value

Loan / facility amount

  • €150 m
  • April 2013

Date

  • €150m
  • November 2014
  • €4 m
  • June 2015
  • 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
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  • The project involves the resettlment of 8 808

households living in slums under national legal frameworks:

  • «

Relogement »: providing an appartment with dedicated financing facilities

  • « Recasement »: providing a land plot at

low prices dedicated to the constuction of 3 level buildings, with the financial contribution of a « third party »

  • added

value: give the choice to slum households between both options

03/05/2018 19 European Investment Bank

Resettlement documents

Resettlement Policy Framework Resettlement Action Plan

Resettlement Strong Support from International Institutions and Added Value

Public Consultation items

4 « Open Doors Day » (each year) and focus groups EIA consultation Development plan consultation CPR consultation

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  • Climate change
  • Oceans
  • Peace
  • Biodiversity
  • Poverty
  • Education
  • Hunger
  • Water
  • Health
  • Energy
  • Cities
  • Infrastructure
  • Employment
  • Inequality

Common goods Social progress Living conditions Primary needs

At Zenata, two grants so far:

4M€ NIF

(Neighborhood Investment Facility by European Union)

300K€ AFD

(French Development Agency)

Local impact Global impact Small scale Large scale

The blending is the key to sustainibility

Strong Support from International Institutions and Added Value

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Thank you!

More information at: www.eib.org h.mouatadid@eib.org Tel.: +352 4379-82521

03/05/2018 European Investment Bank Group 21