Morocco offers 'growth potential'
Morocco's growing tourism industry means its property sector offers opportunities for investors to profit, it has been claimed.
Authorities in the country are working towards achieving King Mohamed VI's target of attracting seven million tourists from overseas a year by 2010.
This has led to extensive infrastructure development in the country, while property companies have been busy building accommodation in coastal resorts.
The government believes this investment in the tourism industry will lead to the creation of 600,000 new jobs, but Dubai-based real estate giant Emaar believes it will have another positive effect.
A spokesman for the company told Arabian Business that North Africa is a "promising market" and that the 2010 Vision would help investors in the Moroccan market.
"Our projects in Morocco … are principally led by tourism, and as such they have strong growth potential," he said.
Figures released by the Moroccan government show that it is investing around 9 billion euros (£7 billion) in infrastructure in a bid to hit the King's tourism target.
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