Investment Opportunitites in Morocco

HM King Mohammed VI launched “Plan Azur” in order to triple the number of tourists going to the country each year, reaching ten million by 2010. A key part in the creation of a Morocco that will be viewed as a world-class holiday destination. It is not only about property, but also about jobs because it is expected that the new plan will create around 600.000 direct positions and more than 3.000.000 indirect jobs with an investment between 8 and 9 billion.

This dynamic tourism initiative was introduced by King Mohamed VI to help improve the country’s economy by attracting more visitors from around the world and thus creating significant employment in the tourism sector. His “vision” is to attract 10 million visitors to Morocco by the year 2010 and the plan sets out how this will be achieved.

The plan includes:

The development of six luxury, costal resorts, five of these resorts will be located on the Atlantic Coast with one on the Mediterranean coast called Mediterrania
Saidia
Construction of new motorways, marinas and ports improvements to existing road network and the possible introduction of new high speed rail network.
Construction of new regional airports to service the resorts and existing airport facilities will be upgraded.
The signing of an Open Skies agreement between Europe and Morocco has meant an increase in the number of flights from Europe and the arrival of low cost, no frills airlines.

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