Moroccos economy will keep growing-150708

A government official in Morocco has predicted that the country will continue to see strong economic growth in the next four years.

Finance minister Salaheddine Mezouar stated that between now and 2012, the economy is likely to grow by 6.3% on an annual basis, reports Reuters.

Morocco's growing tourism industry was said to be an important part of its future economic expansion, especially as it is helping to attract foreign investors to the country.

Mr Mezouar commented: "We are convinced the Moroccan economy has enough appeal to have this ambition."

He added that in the year so far, the country's rate of economic growth has outpaced earlier estimates of 6.8%.

This could be good news for overseas property buyers who are thinking of purchasing a property in the north African nation.

Morocco was recently flagged up as a potentially lucrative investment market by Homes Overseas magazine, which said house prices are likely to go up "significantly" over the next few years.