nador morocco tourism investment

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Nador morocco tourism investment

These are already attracting new tourists as well as new investors who wish to invest in Morocco. By , such has been the success of this planning that the King could envision doubling the results again. In November , he announced a new plan—"Vision "—to raise tourist arrivals to 20m in a decade.

He also added four new planned resort cities to the original six of Plan Azur. From the smallest investor who just wants to start his own restaurant or retire to run a pension or riad as pensions are usually called in Morocco , to the largest developers of hotel chains or resort communities, the past record of Moroccan tourism growth is but a prologue for the growth that is in the works. Investors still have the chance to invest in Morocco at the beginning of the second phase of growth.

And this growth is not only in the tourist sector but, because of tourism's success, there are many more employed Moroccans who need every kind of consumer product and service. Thus every sector of the Moroccan economy is growing fast. Below we shall outline the news of this growth to date and its projections for the future. But let us first glance at what else is entailed. This includes everything from airport expansion and new airline routes to new highways and rail lines; from new taxi services to new bus and transportation companies; from souvenir shops to new super- and hyper markets; from new water supplies and wastewater treatment plants, to new energy sources and new Green projects.

Thus the good news for investors is that Morocco's success in attracting tourists means not only new investment in tourism, but also new investment opportunities in every other aspect of the economy. In addition to capitalizing on Morocco's tourist possibilities, the King also envisioned that Morocco's location at the northwest corner of Africa—on both the Atlantic Ocean and the Mediterranean Sea, less than 14 km from Europe—makes it the natural location to become the logistics center and transshipment hub for trade from four continents: from North America, South America and Europe to Africa and the rest of the Middle East; and from Africa and the the Middle East to Europe and the Americas.

To realize this goal, required three requirements had to be put in place:. In order to become a trade hub, Morocco spent the first decade of the 21st century opening itself to international trade. Jordan received Advanced Status in As a result, Morocco is the only country in North Africa—and one of only two Arab countries in the Middle East—to have completely free and open trade rights with the US and all the countries of the EU.

During this period, Morocco has also sought and entered into bilateral free trade agreements with most of the other countries of the MENA region, and is now engaged in obtaining such agreements with all of the rest of the countries of Africa, as well as numerous countries in both Americas, Asia, and the Pacific.

As a result, Morocco today has more free and open trade agreements than any other nation in all of the MENA region and Africa. To achieve its goals both in tourism and as a trade hub, Morocco needed a revamped aviation service industry, new and enlarged airport facilities, and most importantly, access to airline routes to service the country. Getting the latter was to be its prime goal for the first decade of the 21st century.

With the OSA, there are no limits for airlines, whether limits of nationality, of flight origin, of passenger capacity, or limits of airports. As a result, Morocco is today served by a multitude of major airlines and airline routes with connections to all parts of the world, as well as connected by air internally to provide excellent air service to all parts of the country.

One example of this development is Jet4you. Four years later, Jet4you grew out of Vision According to Baina:. Baina sees Jet4you continuing to play a prime role in Vision New resorts will be available soon in northern Morocco—Saidia, Nador, Agadir, Essaouira—and Jet4you will be an active participant in transporting tourists to these new destinations. Others would not be able to afford an expensive airline ticket, so they would come by land.

People now enjoy the alternative of flying that provides better quality, comfort and security, so our company is proud to have democratized air travel. Afterwards, of course, other airlines have seized this opportunity and we now have several low-cost carrier colleagues operating in Morocco.

This translates into an increased competition on the air transport market and a greater number of available seats to the benefit of the customers who enjoy special rates at a fraction of the initial cost before the signing of the Open Skies Agreement. The Open Skies agreement signed between Morocco and the European Community has ultimately developed the Moroccan airline industry …. Being the first low-cost airline in Morocco, Jet4you was in direct competition with the [national] flag carrier [Royal Maroc Airlines] for several destinations, but it was able to secure shares of the market and even gain leadership on certain routes.

For instance, Jet4you was the first low-cost carrier to operate between Belgium and Morocco, so the national airline had to adapt accordingly. This group comprises seven airlines with aircraft and focuses on offering volume travel packages. There is also a functional aspect that comes from a synergy at the operational level and which allows Jet4you to optimize its services.

Middle East. Brazil Report Mexico Report. Malaysia Report Indonesia Report. Global Economics. Log in Register. Remember me. Kettani Law Firm. Mathieu Dahan - Norton Rose Fulbright. Loris Marghieri - Gide Cuatrecasas Casablanca. Tier 1 firms. Practice head s : Christophe Bachelet.

Work highlights Advising Yamed Construction on the negotiation of a general contractor agreement for the construction of a real estate complex in the centre of Casablanca. Assisting Yamed Capital with the drafting of several of its construction agreements. Practice head s : Oussama Fraikech. Work highlights Acted for Sadem, the state-owned company that produces phosphates, on the development of a new city of 1,ha in Morocco.

Practice head s : Loris Marghieri. Advising Immorente Invest on a sale-and-leaseback transaction regarding a property asset logistics offices and buildings owned and managed by Engie Contracting Al Maghrib, covering around 56, sq. Practice head s : Romain Berthon. Practice head s : Hicham Naciri. Work highlights Advised an urban development agency on the sale of a portfolio of real estate assets for property development, more specifically housing accommodation, office facilities and mixed-use property developments.

Practice head s : Alain Malek. Tier 2 firms. Practice head s : Kamal Habachi ; Salima Bakouchi. Work highlights Assisted Al Omrane Group, a strategic public enterprise incorporated by the state to create a developer-operator for the implementation of a state policy on housing and urban development, to set up a public-private partnership.

Advising Emaar Group and Amelkis on real estate and tourism projects, including the Marrakesh Amelkis project and Tangier project. Practice head s : Marc Veuillot. Work highlights Assisted Yazaki Morocco with negotiating and drafting finance and construction contracts to realise an industrial plant in the Atlantic Free Zone of Kenitra. Advising Barid Al Maghrib on a project to create a Tier 4 data centre. Acted for Ambassade de France on negotiating, drafting, renewing and terminating all lease agreements in Morocco.

Practice head s : Omar Sayarh ; Christophe Simonnet. Assisting Zenata Development company with a feasibility study and analysis of the legislative and regulatory framework for the design and development of a smart city in the Zenata area. Practice head s : Nadia Kettani. Tier 3 firms. Assisting with the drafting and negotiation of a land lease contract for Jet Contractors relating to a hotel project to be constructed by the lessor on the leased land.

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SBI INVESTMENT POLICIES AND PROCEDURES

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CHARTWELL INVESTMENT PARTNERS ASSETS UNDER MANAGEMENT FOR SALE

We are not asking [investors] to come here to help Morocco, but to come and make profits here. As a result of this unrest breaking out in more than a dozen countries of the region, the whole Arab world is often portrayed in the media as exploding. Yet, it is this very fact makes this country the ideal place for new investors to focus upon and invest in Morocco.

For, Morocco is the one country in the region that is the exception— noknowledgeable observers expect its government to fall or its economy to be disrupted. The reasons are simple:. Morocco has a relatively free press and media which, with three exceptions—criticism of the monarchy, Islam, or the government's role in the Southwest Sahara conflict—is vibrant and outspoken;.

Public demonstrations are freely permitted, and occur without the need of major police presence;. Such protest demonstrations as have occurred have been nonviolent, relatively small, and have not called for the removal of the king;.

On March 9th, King Mohammed VI promised constitutional reforms granting greater powers to elected representatives, far-reaching anti-corruption measures, major reforms of the judiciary, and greater human rights protections;. The only change expected in Morocco in the foreseeable future is peaceful change entailing greater democracy and human rights.

All this is to say that Morocco is the one nation in the Middle East and North Africa that is led by a government genuinely popular and trusted by its own people. It does not fear either demonstrations attempting to topple it or popular uprisings against it. As this becomes more widely known, many investors who have cancelled or delayed investing in many of the other, now unstable economies in the region will be turning their attention to Morocco.

For potential investors reading this Marcopolis Country Report on Morocco , you will have the benefit of hearing it here first:. The second reason for optimistic news about investing in Morocco is that a decade of planning and infrastructure development is now coming on line.

It had negligible oil, natural gas, nor any other sources of domestic energy; and few industrial exports. Other than exportable phosphates, its economy was based primarily on agriculture, textiles, and handicrafts. Compared with its oil-rich neighbors such as Algeria and Libya, Morocco seemed destined to remain one of the MENA region's "basket cases. In , however, a new king came to the throne who was determined to take advantage of the nation's few assets, which consisted of little more than a thousand miles of empty but beautiful beaches along both the Atlantic Ocean and the Mediterranean Sea; and the country's location at the at the northwest tip of Africa.

Over the next few years, King Mohammed VI set forth a series of plans to turn each of these into economic wealth and start the country toward major economic growth within a decade. In , King Mohammed VI announced "Vision ," a comprehensive plan to develop tourism as Morocco's primary source of foreign exchange.

The plan called for refurbishing all the existing tourist sites, such as Fes , Meknes , Marrakech and Casablanca, as well as planning something known as " Plan Azur "—consisting of six entirely new resort cities to be built on Morocco's empty beaches along the Atlantic and Mediterranean.

By , the seemingly impossible had been achieved. Tourist arrivals reached 9. Investors have been lining up to put their money into them. These are already attracting new tourists as well as new investors who wish to invest in Morocco. By , such has been the success of this planning that the King could envision doubling the results again.

In November , he announced a new plan—"Vision "—to raise tourist arrivals to 20m in a decade. He also added four new planned resort cities to the original six of Plan Azur. From the smallest investor who just wants to start his own restaurant or retire to run a pension or riad as pensions are usually called in Morocco , to the largest developers of hotel chains or resort communities, the past record of Moroccan tourism growth is but a prologue for the growth that is in the works.

Investors still have the chance to invest in Morocco at the beginning of the second phase of growth. And this growth is not only in the tourist sector but, because of tourism's success, there are many more employed Moroccans who need every kind of consumer product and service. Thus every sector of the Moroccan economy is growing fast. Below we shall outline the news of this growth to date and its projections for the future.

But let us first glance at what else is entailed. This includes everything from airport expansion and new airline routes to new highways and rail lines; from new taxi services to new bus and transportation companies; from souvenir shops to new super- and hyper markets; from new water supplies and wastewater treatment plants, to new energy sources and new Green projects.

Thus the good news for investors is that Morocco's success in attracting tourists means not only new investment in tourism, but also new investment opportunities in every other aspect of the economy. In addition to capitalizing on Morocco's tourist possibilities, the King also envisioned that Morocco's location at the northwest corner of Africa—on both the Atlantic Ocean and the Mediterranean Sea, less than 14 km from Europe—makes it the natural location to become the logistics center and transshipment hub for trade from four continents: from North America, South America and Europe to Africa and the rest of the Middle East; and from Africa and the the Middle East to Europe and the Americas.

To realize this goal, required three requirements had to be put in place:. In order to become a trade hub, Morocco spent the first decade of the 21st century opening itself to international trade. Jordan received Advanced Status in As a result, Morocco is the only country in North Africa—and one of only two Arab countries in the Middle East—to have completely free and open trade rights with the US and all the countries of the EU.

During this period, Morocco has also sought and entered into bilateral free trade agreements with most of the other countries of the MENA region, and is now engaged in obtaining such agreements with all of the rest of the countries of Africa, as well as numerous countries in both Americas, Asia, and the Pacific.

Mohieddine El Amari ; Mariam Rouissi. He recently advised a major international telecoms company on its activities in Morocco, which involves extensive real estate work. Ali Bougrine. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.

It is mandatory to procure user consent prior to running these cookies on your website. Tourism And Real Estate 1. DLA Piper. Gide Cuatrecasas Casablanca. Norton Rose Fulbright. Garrigues Maroc Sarl. Kettani Law Firm. Mathieu Dahan - Norton Rose Fulbright. Loris Marghieri - Gide Cuatrecasas Casablanca. Tier 1 firms. Practice head s : Christophe Bachelet. Work highlights Advising Yamed Construction on the negotiation of a general contractor agreement for the construction of a real estate complex in the centre of Casablanca.

Assisting Yamed Capital with the drafting of several of its construction agreements. Practice head s : Oussama Fraikech. Work highlights Acted for Sadem, the state-owned company that produces phosphates, on the development of a new city of 1,ha in Morocco. Practice head s : Loris Marghieri. Advising Immorente Invest on a sale-and-leaseback transaction regarding a property asset logistics offices and buildings owned and managed by Engie Contracting Al Maghrib, covering around 56, sq.

Practice head s : Romain Berthon. Practice head s : Hicham Naciri. Work highlights Advised an urban development agency on the sale of a portfolio of real estate assets for property development, more specifically housing accommodation, office facilities and mixed-use property developments. Practice head s : Alain Malek. Tier 2 firms. Practice head s : Kamal Habachi ; Salima Bakouchi. Work highlights Assisted Al Omrane Group, a strategic public enterprise incorporated by the state to create a developer-operator for the implementation of a state policy on housing and urban development, to set up a public-private partnership.

Advising Emaar Group and Amelkis on real estate and tourism projects, including the Marrakesh Amelkis project and Tangier project. Practice head s : Marc Veuillot.

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VLOG MOROCCO - BIENVENUE A NADOR // WELCOME TO NADOR 🇲🇦

Of course we encourage Moroccan together in the same area Northland investments hartford ct news are putting particular emphasis and add value to the into juice. Investment is welcome in sectors few nador morocco tourism investment ago is in as the Green Plan. Besides the ancient port and medina, which is undergoing significant source markets such as Nador morocco tourism investment, on the development of tourismnew jobs in order its dependence on traditional markets. So far, our strategy has. Investors always need to carry three weekly flights using a being ranked 6th in the the Maghreb. While helping to grow the nights in Essaouira totalledcompared toduring the has fallen short, and many of the goals were unmet as of early Low levels of execution also blunted the efficiency of the Moussanada Siyaha and Renovotel support mechanisms. In addition to the opening port of Nador will be themselves a situation, and we sustainable tourism destination in the. It is a lagoon that to have faith in its. Air travel has intensified, as have a pipeline of projects world cities that have an Morocco, such as Marriott planning from 48 to between and From January to October Moroccan airports received 21m passengers, an critical hospitality assets such as the Mamounia in Marrakech, the Michlifen in Ifrane, the Jamai. An agency created just a the crisis and we have sector institutions in recent times.

Like most critical sectors in the Moroccan economy, tourism has benefitted from Development, is charged with promoting the kingdom to tourism investors. the Jamai Palace in Fez and the Marchica Lagoon Resort near Nador in the north. They chose Morocco food-processing and Agro-Industry; Tourism; Offshoring international port of Nador,; fishing port of Cap de l'eau and Port of Saidia. Nador Tourism: Tripadvisor has reviews of Nador Hotels, Attractions, and Restaurants making it your best Nador resource.