Marrakech Has Been Ranked as the Number One Tourist Destination for 2015 According to Trip Advisor

Date: 2015-09-01

“• As a part of the government’s 2015 Finance Act, Moroccan National Railways (Office National des Chemins de Fer du Maroc – ONFC) plans to invest MAD7.5 billion (US$780 million) in the development of rail infrastructure. Of the total budget, MAD4.0 billion (US$482.2 million) is to be allocated to the Tangiers-Kenitra high-speed line, which is under construction and expected to be completed by 2016. The remaining MAD3.5 billion (US$421.9 million) is to be allocated for the modernization of existing lines. The project is expected to support the growth of the infrastructure construction market over the forecast period.

• In order to improve transport facilities and support the tourism sector, the Moroccan government announced its plans to construct a new Marrakech Airport in 2014. The present airport recorded a passenger capacity of 9.0 million passengers per year in 2014. However, the city expects an increase in passenger flow to 14.4 million per year by 2030. The new airport is expected to cost MAD4.3 billion (US$520 million) and upon its completion the airport is expected to accommodate 10.0 million passengers per year. 

• During the first quarter of 2015, United Arab Emirates (UAE) based Tasweek Real Estate Development and Marketing announced its plan to construct a mixed-use project in Agadir, Morocco. The project is estimated to cost MAD202.0 million (US$55.0 million) and expected to include the construction of healthcare and residential units, retail outlets, hotels, and spas. The project will strengthen bilateral relations between the UAE and Morocco while attracting investments from Gulf Corporation Council (GCC) nations.

• Marrakech has been ranked as the number one tourist destination for 2015 according to Trip Advisor. Government aims to expand tourism infrastructure, in the rest of the cities of Morocco too, hence has several plans on the way. Some of them include the construction of the Africa Museum in Tangier for an estimated cost of MAD950 million (US$106 million); a seaside resort worth MAD11.6 billion (US$1.4 billion) at Saidia; a seaside resort worth MAD5.2 billion (US$625 million) on the Southwest Atlantic Coast; a resort on Atlantic coast worth MAD6.5 billion (US$780 million); the MAD3.2 billion (US$390 million) resort at Meknes and a beachfront resort in Aghroud worth MAD10.0 billion (US$1.2 billion). These projects are expected to be completed by 2020. The projects will be constructed under Vision 2020 and are being funded by the Moroccan Fund for Tourism Development (FMDT).

• The Moroccan Ministry of Infrastructure, Transport and Logistics plans to invest MAD36.0 billion (US$4.3 billion) in infrastructure and public works in 2015. Of the total investment, MAD12.8 billion (US$1.5 billion) will be spend on ports infrastructure, MAD9.7 billion (US$1.2 billion) on roads and highways development and MAD4.7 billion (US$566.6 million) on railway infrastructure. These investments are expected to support the demand for infrastructure construction over the forecast period.”

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