Monday 3 March 2008

Tourism sector propels economic success in Morocco, publication


Morocco's tourism strategy, dubbed Vision 2010, devised with the aim of boosting national tourism, begins to yield its fruits, notably in infrastructure improvements, British online publication "Easier.com" wrote, stressing that "the future is looking brighter than ever in Morocco."
The Vision 2010, which aims to attract 10 million tourists by 2010, provides for creating 160,000 beds, thus bringing the national capacity to 230,000 beds. It also aims at creating some 600,000 new jobs.
Investors who chose a luxury resort property in six events in buying rock solid and fast-growing tourism market, the publication said, noting that the north African country welcomes tourists who are looking for that unmistakable Arabic culture, together with the outstanding natural beauty where they can enjoy a wide range of entertainment and activities.
Recalling that Morocco has attracted prominent investors from 1970 such as Malcolm Forbes, founder of the well-known magazine Fortune, the publication emphasizes that the north African country is witnessing today, unprecedented growth, in terms of its infrastructure and the number of visitors, with tourism demand increases 6% in 2006, according to the United Nations World Tourism Organization (UNWTO).
“Morocco is … a unique location for property investors and offers the opportunity to purchase property early in an emerging market at very favorable prices,” Sara Romero, product analyst at the British company propertyshowrooms.com, said, adding that “what is unique about the market for property in Morocco is the sense of security for investors.”
According to Moroccan Tourism and Craft Industry Ministry, around 7.45 million tourists visited Morocco in 2007, which represents a 13% rise from the year 2006.

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