Speaking in the House of Representatives' Finance and Economic Development Commission, said Ahmed Chami
The growth was due to FDI, according to the Minister, by the public sector policy based on encouraging investment through tax incentives for investors.
Mr. Chami said that the policy is based on the short - and medium-term strategies that are aimed at the development of competitive sectors, in order to insure optimum use of national resources.
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Because the government of Morocco are acutely aware of their need to attract foreign investment they have simplified and further legitimized the entire property buying and ongoing ownership rules, laws and processes. This, coupled with the fact that the government have long term plans to structure their economy to allow for free US and European/Moroccan trade, point to the fact that the prospects for property in Morocco are very positive. Those considering making an investment right now may be taking a greater risk than someone who waits until Morocco is a well know real estate investment hotspot, but they will most likely be the ones reaping greater returns in the end!
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