Tourism Priority For The Moroccan Government-Morocco Economy

Since the mid seventies, the tourist sector has constituted one of the major priorities for the Moroccan governments.

“The promotion of Morocco’s image in the eyes of foreign tourists constitutes one of the major priorities for the Moroccan government, which intends to make the country a privileged tourist destination,” reads the Letter published recently.

Morocco´s forward strategy ‘2010 Vision’, aims at attracting up to 10 million tourists by the year 2010, not only mobilizing the traditional tourist products but also offering modern ones.

In regards to year 2009, the CMC’s publication shows the number of tourists visiting Morocco increased by 8% in the first seven months of the year.

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A new hotel investment opportunity located in Cabo Negro Tetouan Morocco

The Maha Beach Spa Hotel & Suites at Royal Cabo Negro Golf, Tétouan.

Cabo Negro is famed for its pristine golden sandy beaches and outstanding natural beauty.

The development is next to the Royal Cabo Negro golf course, close to the historic town of Tétouan and the fashionable “Marina Smir” is located a short drive away.

Hotel apartment suites are available for purchase which take advantage of the pure buy to let nature of this investment allowing investors to take advantage of a rental programme managed on an individual rolling basis through the hotel operator of the on-site 4-star boutique hotel.

Located at the entrance to the development, the Maha Beach 4-star spa hotel features an external swimming pool, Jacuzzi and sundeck which can be enjoyed by all Maha Beach guests.

The hotel offers a full concierge service, with a wide range of ancillary services including golf bookings, car hire, and a function room with meeting and conference services.

On the ground floor of the hotel is the Spa and Health Suite, which will offer a wide range of relaxing health and beauty treatments.

The spa features massage rooms, male and female saunas, an aromatic cold water plunge pool, heated indoor swimming pool, health and beauty treatment rooms, Jacuzzi, Turkish baths and an aerobics hall including changing and shower rooms and sun bathing terrace.

The Restaurant will offer an array of Moroccan and International fine cuisine which can be enjoyed in the air conditioned dining room, or on the adjoining shady terrace.

In addition, the resort will also feature a commercial centre with a selection of boutiques and shops.

The resort has been designed with space in mind with low density construction and extensive landscaped green spaces and communal gardens and features three large community swimming pools.

The apartment suites are spread over 10 blocks, each comprising of 16 individually designed 2-bedroom self catering suites.

They are constructed to a high standard using quality materials, and finishes include air conditioning and fully fitted kitchens with white goods and granite work surfaces. There is ample private parking available for cars and golf buggies within the gated complex.

Scheduled completion is for December 2010.

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Emerging Markets-Morocco the Fisheries Industry

Following on from the successful planning of Plan Azur & the “Green Plan” the Moroccan government is now planning for the fisheries industry.

This new plan was announced last week in Agadir in southern Morocco, in the presence of King Mohammed VI, by the minister of Agriculture and Fisheries, Aziz Akhennouch.

The main function of this new plan is to raise the GDP of the fisheries sector to MAD 21 billion by the year 2020.

To help facilitate the fisheries plan, sixteen new structural projects have been put forward to modernise the fishing fleet and to develop aquaculture projects.

These projects will include a halieutics zone costing MAD 6 billion, with a view to reaching a total production of 1.6 million tonnes by 2020.

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First Conference in Morocco for Arab Women Investors’

The first international conference of Arab women investors will be held on October 26-30 in Sekhirat, south of Capital Rabat.

Organized by the Union of Arab Women Investors, the conference is targeting the drawing up of new investment development strategies.

The events primary concern is sourcing alternative investment solutions and creating plans for the reinforcement of feminine investment.

It is expected that the conference will bring about the participation of a number of Arab figures and representatives of international organizations.

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New Hotel Complex in Marrakech Morocco

Emirati group “Jumeirah” to build hotel complex in Marrakech

The Dubai-based luxury hotel group “Jumeirah” and SGTM Immobiler, a subsidiary of the Moroccan Construction Company, recently

signed an agreement to build the hotel complex “Jumeirah Marrakech Golf and Polo Resort”, the group said.

The complex situated south of the city Marrakech is scheduled to open in three stages starting January 2013.

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Renewable energy cooperation Morocco-Spain

Renewable energy cooperation meeting to be held on October 20-23

The objective of this meeting will be to identify the investment and cooperation opportunities in the renewable energy field between
Morocco and Spain.

The meeting will be organized by Spain’s Chambers of commerce in Casablanca and Tangier.

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Cabo Negro Morocco

An area of outstanding natural beauty with mile upon mile of golden “post card” sandy beaches, crystal clear turquoise water, with the outstanding Rif Mountains providing the artistic yet breath taking backdrop.

The region has and still is a popular bolthole for the Moroccan Royal Family whom have themselves substantial properties in the area. Domestic Tourism is booming with tourists seeking the peace and tranquility offered by the region.

Whether you are visiting the luxurious Marina Smir with its upmarket boutiques and gastronomic delights, or seeking a more adventurous holiday of water sports, quad-bike trekking, horseriding climbing, aquaparks, go-karts and hiking. Whatever your requirement, all can be catered for.

Accessibility is excellent, The international airport at Tangiers, caters fr both International and Domestic flights. The port at Tangiers has excellent ferry connections to the Costa del Sol, or if you are looking to sail in, then Marina Smir is a short drive away.

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The Future-Morocco Property Market

Fact: Morocco is one of many smaller countries around the world which have run their financial systems and economies on a much more conservative and risk-free basis that some in the Western world.

Historically, many property investors have viewed this as a negative . But after the recent events in the US this could well be a turning point for these types of economies.

As a result, Morocco is still relatively untouched compared to many property markets around the world and the massive increase in property investment is a perfect reflection of this.

Morocco is most certainly a property market which you should consider and continue to review on an ongoing basis.

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Why Invest in Morocco-The Hot Emerging Real Estate Market

MOROCCO is Now the No. 1 HOT emerging real estate market. You have to come and just spend one day in Morocco to experience it.

Background In brief;

HRH The king of Morocco is offering incentives for new investors and developers to build hotels in Morocco and vacation homes in Morocco.

His goal is to have infrastructure for 10 million tourists by 2010. (Morocco had about 4.6 million tourists, last year – increasing year on year clearly showing signs of an established tourist market)

HRH king Mohamed VI is a young 42 years old and has only been in power since 1999 when his father died. He was educated in the USA and the UK, and with his western mindset he has been bringing about many great changes including new laws to protect foreign investors.

Several real estate editorials have been saying that the property market will rise in price anywhere from 5 to 10 times in the next 5 years in Morocco. We have conservatively been saying two or three times,we may have to adjust our predictions.

Add to this, New four lane roads, new rail stations, bus stations, a new international airport, Free trade zones – all being built to handle all the tourists and vacation home owners that will be coming in to Morocco.

On the other hand, the Costa del Sol in Spain and other beach areas have been overbuilt and are now very pricy for most people. The same weather and the same Mediterranean coast is only 9 miles away in northern Morocco at sometimes 1/10 of the price at only an additional 30 minute flight time.

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