Northern Morocco is the Next Big Thing

Morocco has indeed a great potential for capital growth and for future yielding projects and infrastructures. New developments are being created in the area around Saidia near the Algerian border and along the Atlantic coast. There is an estimated 15% of growth year year and double digits are expected in the coming years.

Located in Northern Africa, Morocco is only 3 hours away from the UK and 35 minutes from Spain at Algeciras and Tarifa by fast ferry. Morocco has great plains and three large mountain ranges where the main activity is skiing. There had been many countries who had control over Morocco – Spain, France and Britain – and it still retains much of its cultural heritage with Spain. France also has a huge part in this country, with its main influence on its education system. The country also has strong links with UK and America, with 30% of its knitwear produced in Morocco.

A drastic change happened back in 1999 when King Mohammed VI rose to power. The new king has decided to improve links with the western world and improve human rights, gets rid of corruption and religious extremism and is in favor of equal rights for women. Aside from being a standard golfer, the king studied in many countries such as America and France, where he studied law.

With those 6 years of power, Morocco is a potential place to invest with a stable currency – the Dirham.

The factors that need to be improved in this country in terms of infrastructures are employment and tourism. But the king has already begun improving the lives of its people – with an investment of $5bn to invest in the port areas, and a huge port being built between Tangier and Tetouan, which will contribute to more tourists coming into the country.

Posted on: Morocco

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Northern Morocco is the Next Big Thing

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