King
Mohammed VI's Plan Azur 2010 includes the creation of
a number of tourist developments on Morocco's Mediterranean
and Atlantic coasts. These will be built over the next
5 years and will include stunning apartments, townhouses,
villas, golf and 5* hotels.
Some of the key changes are: 1. Channel Tunnel between Morocco and
Spain by 2010 2. 5 year expansion plan. Arab Investors
will build new complexes with golf courses, 5* hotels,
beach clubs, marinas, convention centres, riding clubs,
and spas. 3. Other Major investments focusing
on real estate, seaside resorts, shopping centres, roads,
harbour and airport infrastructure, creating new employment
opportunities 4. New roads budget of€ 11.9m
5. High speed trains
Among
Morocco 's assets, the low cost and the high quality of labour,
as well as the inhabitants' mastery of French and Spanish
and the geographical proximity with Europe.The attractiveness
of the country is high for international tourism, due to the
quality and the variety of the sites, and the innate sense
of hospitality of the Moroccans.
Numerous measures have
been taken so as to attempt to develop the private sector.
Thus sixteen regional investment centres have seen the light
of day recently in the country. Their role is to support investors
and create enterprises. Also included in the programme is
a new customs code and the creation of business tribunals
and a law on competition and prices. The country has also
adopted a legal and fiscal framework intended to attract foreign
investors. The latter may henceforth freely repatriate their
capital. Finally, the programme of privatisation is moving
ahead.
Most of
these changes are not pipe dreams, they are happening now.
Visit
Morocco and we can show you many of these projects
are underway. Morocco
Property prices are set to boom.
Now is the time for Morocco...
