New Motorways For Morocco: Good News For Property Investors
Article Date : Wednesday, June 07, 2006
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We all know that, amongst other factors, a healthy property market relies upon a thriving tourist economy. Of utmost importance to this formula is the transport system to and from our chosen country. Free, easy passage for visitors via an efficient road system and public transport, as well as good communications for vital supplies, improves the quality and appeal of any investment location, and Morocco makes no exception. A destination that is easily accessed wins points over other locations. No one is clearer on this point than Morocco’s forward-thinking King Mohammed VI who is intent on increasing the country’s infrastructure by the year 2010 in his Vision 2010 Plan.
The announcement that a motorway construction programme to build a target 160 km of road per year until 2010 comes as no surprise within the rapidly expanding economic arena of Morocco. The result will be greatly improved communications to all areas of Morocco and a further increase in visitors who regard Morocco as an advanced country that competes well with EU standards. The road construction plan follows an earlier successfully completed project to build 100 km per year for the four years running up to 2004. By 2010, Morocco will be well-equipped with a total of 1,450km of new roads, projecting it further onwards as a leader in the worldwide property investment market place.
Since 2001 and the launch of the King’s Vision 2010 plan, more than 10,000 new hotel rooms have been constructed and thousands renovated. King Mohammed VI is specific in his aim to increase tourist numbers to 10 million visitors by 2010 and the new roads will go a long way to achieve this aim: the six new five star resorts currently under construction will be well served by the new motorway systems which will give them a fittingly up-market profile and infrastructure so vital to attracting investors to the area. The 320 km stretch from Fes to Oudja will directly link the Mediterranea Saidia resort, greatly improving communications and cutting valuable travel time from the airport to a mere 30 minutes.
The liberalization of air transport to Morocco will significantly increase direct air traffic between European and Moroccan cities. This is perfectly in line with Morocco’s drive to encourage significant growth to its tourist industry, which is currently in full swing. An influx of extra tourists is set to arrive in Morocco this year, with new EasyJet flights announced from Luton to Marakesh and Gatwick to Marrakesh from July 4th 2006 as well as Ryanair offering direct flights from Marseilles to Fez, Marrakesh and Oujda. The new motorways are perfectly timed to cater for the increased flow of passengers these flights will eventually bring and will actively encourage foreigners to invest further in property in Morocco, while slowly pushing prices upwards.
The new motorways will cover the following stretches:
Casablanca - el Jadida: 28km
Tetouan - Fnideq: 28km
Settat - Marrakesh: 145km
Out of new port of Tanger Med: 54km
Marrakesh - Agadir: 233km
Fes - Oujda: 320km
So, it seems, due to King Mohammed VI and his progressive vision for the future of Morocco, all necessary policies and improvements to the infrastructure are underway and poised in readiness for a successful few years ahead for investors in Morocco. While there are still many bargain off-plan investment opportunities available today, investors are urged to take a closer look at the many options currently on offer.
Experts at propertyshowrooms.com are confident that exciting returns are waiting just around the corner for shrewd and timely investors and they will gladly share their knowledge with you regarding current investment opportunities in Morocco or in any of the other worldwide emerging markets.
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