Morocco still attracting foreign investment

A government official has said that foreign companies will continue to invest in Morocco next year.

Mohammed Aref Hassani, acting director of Invest in Morocco, told Reuters recently that the north African nation may find it difficult to replicate 2007's record level for foreign direct investment, which was estimated at $4.5 billion.

However, he said that Morocco remains an attractive proposition for international investors due its robust banking sector and relatively affordable operating costs.

Looking forward to 2009, he told the news agency: "Companies will look to countries with a strong investment climate, attractive financing, a competitive workforce and logistics.

"We in Morocco are in this situation."

Mr Hassani also said that the global financial crisis has not hit Morocco's ongoing project to improve infrastructure and boost the tourism sector.

"We will continue to develop our tourist sites and we are still seeing a lot of interest from European, American and Asian groups," he stated.

A higher number of tourists are expected to visit the Moroccan city of Fez next year after Atlas Blue announced new flights from London Gatwick.

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