The Moroccan Agency for Tourism
Development (SMIT) aims at
making Rabat and Casablanca
“global destinations” and to spend
about MAD 18 billion to develop
rural tourism notwithstanding the
economic crisis.
In a report issued at its
Supervisory Board meeting
in Rabat on December 22, the
Moroccan agency disclosed that
investment in Morocco’s tourism
industry in 2014 amounted to $2
billion. This is “despite economic
crisis,” said Lahcen Haddad, the
Minister of Tourism. The report
states that financial support for
the tourism sector has increased
investment to MAD 63 billion since
the inception of the 2020 vision
plan on November 30, 2010. The
agency realized revenue of MAD
365 million in 2014, in addition
to MAD 79 million in operating
income, and achieved 57% percent
of targets for 2020.
Imad Barrakad, the CEO of
SMIT said that 2014 marked the
enrichment of Morocco’s cultural
offerings by developing new
tourist destinations such as Rabat,
Casablanca, and Tangier thanks
to the Moroccan tourism fund in
association with sovereign funds
from the Gulf countries.
SMIT intends to put Rabat and
Casablanca among the world’s
most prestigious destinations as
resorts for recreation and culture
through the creation of museums,
theaters, libraries, interpretation
centers, marinas, restaurants, cafes,
shopping malls, and upscale hotels.
The Moroccan government and
SMIT also signed an agreement in
September with a budget of MAD
2.4 billion to develop rural tourism
expecting to create more than
25,000 job opportunities.
SMIT has already declared its
interest in creating partnerships
with regional investment centers
for the implementation of
development projects such as the
convention center in Marrakech,
the exhibition center in Tangier,
the constellation thematic resorts
in Fez and Meknes featuring the
history of Morocco. In 2015, “SMIT
plans to intensify its promotion
and solicitation of investors
internationally,” according to the
president of SMIT.
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