"Morocco is a land rich with potential offering buyers the chance to get involved early in what many are predicting will be exciting and profitable times ahead." Overseas Property Professional Magazine 2006
Vision 2010
In 2001, the newly crowned King Mohammed VI announced a scheme called Vision 2010 which aims to increase the number of tourists visiting Morocco to 10 million per year, generating 600,000 new jobs in the process.
An important element of Vision 2010 is Plan Azur – development by private investors of six new coastal resorts throughout the country with a combined capacity of 120,000 beds.
The plan also includes agreements recently concluded with UAE investors Emaar Properties and Dubai Holding, which have pledged to invest huge sums in high-profile tourism and real estate projects over the next decade. |