Morocco ‘on target’ for record year
Morocco's Tourism Minister has revealed some news that is sure to excite propsective investors.
In a recent interview, Mohamed Boussaid, the Moroccan tourism minister said, “Morocco attracted a total of 7.4 million international tourists last year and the figure for 2008 could top this.
“On top of this, we are seeing acceleration in overall tourism growth. If things continue this way, we are definitely set to meet our target of attracting ten million overseas visitors in 2012”.
Morocco ‘maturing’
This latest boost comes after Forbes magazine recently named Morocco as the world’s 8th best emerging investment location.
The magazine revealed: “Steady gross domestic product (GDP) growth and low inflation have benefited the property market here, as the wealth accumulated in Casablanca and Rabat increases demand for higher-quality property.
“Growth in these urban centers has been fueled largely by improved access to lending for the middle class, a key element for property market maturation. Increased tourism has led to broad-based foreign investment; property values in both Casablanca and Rabat were up 8% last year".