Infrastructure improvements in Morocco attract investors
Experts have suggested that Government has launched several initiatives to improve the infrastructure with investment of nearly £9 billion in developing its transport network which could make it more attractive to overseas property buyers.
Homes overseas report stated that government authorities are keen to improve its transport infrastructure with the purpose of boosting Morocco’s economy. The large investments to improve infrastructure includes £7 billion on improving ports, roads and airports, while £1.3 billion for a planned high-speed rail service to connect Tangier and Casablanca. This offers direct passage between the two cities in just two hours.
The infrastructure improvement is likely to have a positive knock-on effect on the property investment in morocco. The rail service between the two places boost the property market in those areas and also opens up the towns in between for the overseas investors. Moroccan government’s initiatives of improvement in infrastructure and other socio economic reforms are well underway which entices more overseas investors towards morocco.
Foreign Property Buyer website said that the morocco rental market is showing high potential growth as government plans to strengthen the tourism in Morocco over the next two years.
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[...] Moroccan government has committed itself to a ten-year infrastructure improvement plan with a view to boosting tourism, according to the Press and Journal [...]