Spain reaches out in the economic crisis more and more to Morocco.
That Spanish inhabitants go to Morocco to look for work has become a familiar phenomenon, but companies are starting to see salvation in the Moroccan economy. According to research Spanish entrepreneurs are increasingly interested in Morocco now when the economy is miserable in their own country possibilities are being treated as financial options. Hundreds of entrepreneurs, companies and investors have expressed interest in a possible move to Morocco. Morocco is with 700 Spanish companies 'best partner' after France of the ravaged country.
On September 12 personalities from the Moroccan and European economies will be talking on investment opportunities at a special meeting in Morocco, reports Hibapress. Construction, energy, tourism and communication seem most interesting to both parties.
When concerning Tourism, this is not only interesting for major international investors,
Morocco hopes to attract more tourists to its Mediterranean and
Atlantic coastal regions. In fact, it aims to double the amount of
incoming tourists by 2020.
What do the figures show us:
in 2001, 4.4 million tourists came
to Morocco whereas 9.2 million arrived in 2010. In 2011 in spite of the global crisis this figure went up to 9.35 million. Taking into account the
global financial crisis, increasing worries about visiting Muslim
countries and strong competition in tourism industry, it is quite an
achievement.
However, the Moroccans are not stopping there, and plan to
double these figures by 2020, and they have the will and the cash to do
it. Morocco’s cause has so far been well backed by many Arab pledges and there is no sign that the trend will not continue.
King Mohammed VI of Morocco has made it clear that tourism and its promotion is a top priority for his country in years to come
that is why there are great efforts on an external and internal basis.
Apart from the obvious financial advantages, an increase in inbound
tourism would open Morocco up to a greater level of cultural awareness,
which, in most cases, improves the standards of the country itself.