SMIT Reports Positive Tourism Investment Results in 2012

Nine agreements were signed for a 14 billion DH investment, expected to generate 4,400 jobs and 10,300 beds.
For 2013, 23 projects requiring a 38 billion DH investment are under study.
SMIT Tourism Morocco

Moroccan tourism recorded positive investment results. This was the assessment of Tourism Minister Lahcen Haddad and the chairman of the board of directors of the Moroccan Society of Tourism Engineering (SMIT), Imad Barrakad, at a press conference held on Monday, January 7 in Casablanca. First, quantitatively, they announced an amount of 14 billion DH "which will ultimately create 4,400 direct jobs and 10,300 additional beds." This was achieved through 9 agreements and 8 amendments. They highlighted the diversification of tourism investors. In the 2000s, it consisted only of hotel operators, but today it includes other stakeholders: financial investors, developers, converted real estate investors, institutional investors, and entertainment specialists. 82% of this investment comes from national investors, 15% from America, and 4% from the MENA region.

Tourism officials emphasized that all the Regional Program Contracts (CPR) planned under Vision 2020 have been validated; 940 projects are planned for a total of 153 billion DH. More details on these projects, their distribution across the 8 tourist regions, and the sources of funding will be available in the coming months.

Regarding SMIT's action plan for 2013, 23 engineering studies for Vision 2020 projects are planned, totaling an estimated investment of 38 billion DH. The plan also includes agreements for 15 projects under the same vision, representing an investment of 20 billion dirhams and 17,500 beds.

Finally, regarding ongoing projects, including the Plan Azur and Plan Biladi resorts, SMIT reports a total investment of 63 billion DH and a projected capacity of 94,000 beds, or 74% of Vision 2020 objectives.

Mohamed Moujahid.

Lavieeco.com

Published January 15, 2013.

Posted online January 16, 2013.