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Morocco Property Investment News
Tourism surge for Morocco
In a move likely to benefit property investors, the Moroccan government has signed a lucrative partnership with a major European tour operator.
Touristik Union International (TUI) – a German-based company that owns the UK's Thomson Holidays – hopes to double tourism to the north African country in the next three years.
Speaking to Reuters, TUI chief executive Michael Frenzel confirmed that taking advantage of growing foreign interest in Morocco would be a mutually beneficial arrangement.
"This new agreement will allow Morocco to become on the group's top ten destinations by 2010," he said.
The partnership aims to increase visitor numbers to Morocco from its figure of 256,000 in 2006 to at least 517,000 by 2010.
The Moroccan government recently announced its 'Vision 2010' strategy, an infrastructure drive of increasing resort accommodation and creating jobs, with the intention of attracting economic input from foreign visitors and investors.
With tourism revenue having increased by a staggering 29 per cent between 2005 and 2006, the collaboration between TUI and Morocco should provide a big boost to an already budding economy.
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What are these? |
Secured land investment
with 48% per annum ROI
12-18 month investment
period. Tax efficient
structure. Planning
permission for luxury
resort in place.
Cash payouts for up to 12 years
Agricultural land with
huge ROI. Contracted
return of 276% available
with rent and guaranteed
buy-back options.
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