Tourism investment in Morocco's eastern region reaches $340m in 2006

2007-11-26

Tourism investment in Morocco's eastern region totalled $340m in 2006, up from $23.2m in 2005, according to a survey of the Commerce, Industry and Services Chamber. The survey noted that the tourism sector constituted 52.4% of overall investment in 2006 compared to 47.6% for other sectors. Twenty-eight tourism projects were approved in 2006, generating some 4,276 job opportunities, the survey pointed out. Between 1995 through 2005, the number of tourists and guest nights rose by 21.1% and 22.7%, respectively. French citizens topped the list of tourists, followed by Spaniards, British, Algerians, Dutch, and Belgians.

Tourism receipts remain a principal source of foreign currency and help offset the trade deficit. The government has targeted the sector's development in the Vision 2010 strategy to attract 10m tourists by 2010.

This content was commissioned for Magharebia.com.
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