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Morocco investors buoyed by government reforms

Article Date : Wednesday, February 20, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Government moves to boost the economy in Morocco could make it more attractive to overseas property buyers, experts have suggested.

According to Amberlamb, authorities are aiming to make the economy more resilient by making it less dependent on industries such as agriculture.

The organisation said the government was embarking on a programme of economic diversification, which involves boosting other sectors including tourism.

Amberlamb stated that these reforms could make the north African country an appealing destination to foreign property buyers.

Commenting on the policy, the organisation said: "The underlying objective is to make Morocco more attractive and robust an environment for foreign direct investment."

The country was described as an "incredibly exciting" market for investors to consider, as there is "massive potential" for it to develop and prosper during its long-term future.

This comes after the Foreign Property Buyer website said that government plans to increase the number of visitors in Morocco over the next two years "bodes well" for its rental market.
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