The tourism sector has grown at a steady pace in recent years, and with the Ministry of Tourism’s aim of increasing the number of arrivals to 20m by 2020 under the Vision 2020 plan, considerable investment in accommodation and associated public infrastructure is required. The 20m target will require a total bed capacity of 375,000. By way of...
While the economic crisis in Europe and the fallout from the Arab Spring elsewhere in North Africa have continued to impact the tourism industry in Morocco, resulting in more modest growth in tourist arrivals and length of stays, the sector has nevertheless seen moderate expansion in activity. The tourism sector has undergone a major shift in...
Morocco’s insurance market has become more competitive in recent years. It is now Africa’s second-largest insurance market in terms of penetration after South Africa and the third-largest in the Middle East and North Africa after Saudi Arabia and the UAE. Total premiums in 2012 reached €2.3bn, up 8.9% on the previous year. Non-life premiums – thanks to automobile coverage – continued to...
The Moroccan transport sector has made some great strides in recent years, and projects across the spectrum are ongoing and set for delivery over the next year and a half, in line with the government’s medium-term infrastructure development plans. While major events such as the 2008-09 financial crisis, the ensuing eurozone debt crisis and recent regional political instability have impacted...
Anchored by the port city of Tangiers, Morocco’s diverse northern region has undergone a significant transformation in the past 10 years thanks in large part to efforts to decentralise governance, boost local infrastructure and encourage industrial growth. The crux of these efforts is an integrated economic development plan that aims to capitalise on the region’s location at the juncture of...
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