Archive for February, 2009

Morocco is shielded from the full effect of the global credit crisis

Morocco’s banks vowed to keep credits flowing to maintain the country’s economic growth in the midst of global financial crisis, according to reports.
Morocco’s Banks Professional Grouping (GPBM) has said that banks in morocco continue to finance big infrastructure projects, small and medium enterprises, productive investment projects, real estate and social housing.
Spokesperson of the association said [...]

Moroccan real estate developer Addoha’s sales are in line

The sales results of Moroccan real estate developer Addoha’s are in line with expectations, according to a news story.
Addoha told Le Matin newspaper that company has sales commitment covering nearly 24,000 housing units over the next 18 months, a number which totals 8.2 billion dirhams ($1.02 billion) in secured revenue. Addoha Chairman Anas Sefrioui commented: [...]

Morocco is the one to watch in 2009 for Brits

Moroccan property market will be the one to watch in 2009 for UK property investors, according to an industry expert.
John Howell, senior partner at the International Law Partnership, told the Press and Journal that the market is likely to pick up in the coming months as demand for housing grows and the North African destination [...]

Morocco set to receive record German visitors

Owners of rental accommodation in Morocco could be set to benefit from an influx of German holidaymakers as Tourist authorities in Morocco have announced plans to increase the amount of visitors.
Tourism minister Mohamed Boussaid Speaking at a travel trade show in Berlin said that Moroccan government is keen to expand further into the German market [...]

Southern Morocco attracts Valentine’s Day holidaymakers

Moroccan is expected to welcome more foreign visitors this month as it is recommended as an adventurous romantic destination with St Valentine’s Day fast-approaching by a luxury tour operator.
According to Cadogan, Morocco is a country of great diversity and exquisite beauty with a rich cultural heritage, making it a popular tourist destination. They have also [...]