Prior to the beginning of the global economic downturn in 2008, Morocco’s real estate market drew considerable investment from multinational firms for the development of high-end villas, hotels, resorts and leisure facilities, aimed at a primarily foreign audience. Foreign direct investment in the real estate sector peaked at Dh9.15bn (€813m) in...
Restructuring is a key part of Morocco’s ambitious plan to expand of the tourism industry, encompassed in the Vision 2020 programme. As the government continues its efforts to increase tourism numbers, diversify target markets and raise the quality of service and infrastructure, important elements of sector governance will be handed down to regional...
Powering economic expansion has always been a tricky balancing act for Morocco, which unlike neighbouring Algeria and Libya does not have extensive deposits of oil and gas from which to draw upon. As a rapidly growing country with only modest energy resources, Morocco’s dependence on external energy sources continued to increase over 2012, with the...
As a key sector of the Moroccan economy, agriculture contributed 13.2% of GDP in 2011, up slightly from an average of 13% between 2006 and 2010. Poor weather conditions in the first quarter of 2012 significantly reduced the seasonal output of many crops, which had a negative impact on the economy as a whole. However, the sector is expected to...
Now in the midst of a three-stage strategic plan to develop the transport sector and position the country as a regional hub for air and maritime traffic, Morocco has experienced remarkable growth in transit in recent years. Following a 10-year investment programme aimed at boosting basic infrastructure, Morocco now has one of the region’s more...
Since the liberalisation of the Moroccan aviation market and the signature of an aviation agreement with the EU in the mid-2000s, low-cost flights between Europe and the kingdom have played a major role in the growth of the Moroccan tourism industry. The advent of the era of low-cost flights has facilitated access to tourism destinations and low-...
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