Government is keen to boost tourism and promote foreign investment
The Moroccan government is doing all it can to ensure the country remains an attractive proposition for international investors
According to Global Property Guide, the government is actively promoting Morocco as a holiday destination and investing in a series of infrastructure improvements to accommodate the extra visitors. The government has been funding the construction and renovation of roads, airports and ports in the country. This could create a number of investment opportunities across Morocco during the intervening period, as new homes are being created and work to improve its infrastructure is being carried out.
The government believes this investment in the tourism industry will also lead to the creation of 600,000 new jobs. Dubai-based real estate giant Emaar believes it will have another positive effect. A spokesman for the company told that Morocco is a “promising market” and that the 2010 Vision would help investors in the Moroccan market. He added that the company’s projects in Morocco … are principally led by tourism, and as such they have strong growth potential, according to Arabian Business reports.
As a result, many areas are becoming more desirable to both lifestyle buyers and those who could benefit from investing in the country. Homes Overseas magazine said this is pushing up property values in Morocco, adding that this trend is likely to continue.
The publication remarked: “Expect prices to appreciate considerably over the next few years.”
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