Moroccan government keen to attract foreign investment

The Moroccan government is doing all it can to ensure the country is a popular choice for overseas property investors, it has been claimed.

An article by Global Property Guide has highlighted the measures which the government is taking to boost tourism and encourage foreign investment.

The government has been funding the construction and renovation of roads, airports and ports in the country.

This increase in government spending combined with good harvests since 2008 has helped the Moroccan economy grow at impressive rates, some reports have estimated a five per cent growth in 2009.

Meanwhile, the ambitious plans of King Mohammed VI to increase tourism in the country to ten million visitors a year in 2010 is likely to spark a degree of interest from investors.

The website states that tourism brings about almost a guaranteed interest in property buying and is expected have a large impact the economy and property prices.

Figures, released by Reuters, show that despite difficult economic times Morocco was able to increase its visitor numbers by six per cent to 8.35 million last year.

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