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Official forecasts further growth in Morocco

Morocco's economy is likely to keep growing over the next few years, a government official has predicted.

According to finance minister Salaheddine Mezouar, gross domestic product should go up by an annual 6.3 per cent between now and 2010, Reuters reports.

Tourism was highlighted as one of the main drivers of economic growth in the north African nation, which explains why the government has made expanding the sector one of its main priorities.

Indeed, it is hoping to attract ten million visitors a year by 2010 - a development which could trigger related investment in Morocco.

Mr Mezouar commented: "We are convinced the Moroccan economy has enough appeal to have this ambition."

He added that economic growth during the year to date has exceeded earlier estimates.

The figures are likely to be of interest to people who are thinking of buying an investment property in Morocco, as the holiday industry could have a knock-on effect on the rental sector and house prices.

According to the National Tourism Observatory, 2.5 million people arrived in the country between January and May 2008, reports the Maghreb Arabe Presse.

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