Morocco's Foreign Direct Investments Boost Tangier Business

Online, May 27, 2010 (Newswire.com) - Morocco's Foreign Direct Investments Boost Tangier Business

May 17, 2010. Morocco, famous for its sandy beaches, riad hotels and tropical climate, is now putting a premium on promoting its business climate through Foreign Direct Investments and thereby expecting an increase in Tangier investments.

"Promoting business climate and Foreign Direct Investments are among Morocco's top priorities." said Morocco's Ambassador to the United Nations in Geneva, Omar Hilale. Noting that Morocco has been gaining its reputation as a tourist destination in the world, the promotion would encourage more healthy relations with foreign investors.

"Morocco is committed to strengthening its economy's competitiveness," said Ambassador Hilale emphasizing that this promotion would be a great key to boost both tourism and investment and recalled the liberalization of several key economic sectors in the country.

In addition to this, implementation of E-regulation in promoting investments would be very helpful to businessmen as information necessary for starting their business in the country are available online. This was highlighted by Ambassador Hilale in the second session of Business, Investment and Development Commission of the United Nations Conference on Trade and Development.

One of the many business opportunities present in Morocco today is in the real estate. Buying properties for vacation or for rental is proving to be lucrative. Real estate in Morocco, particularly in Tangier, the bohemian central of the country, is fast gaining popularity and getting sold. With its mesmerizing sights and beachfront sceneries that have an undeniable European feel to them, this is not only good for tourism but also for investing in properties as well. What is remarkable are the prices of these properties as they are not as expensive as their European counterparts. With the country's promotion of Foreign Direct Investments, the government strongly backs any foreign investor with tax exemptions and other benefits and support. A Tangier investment is seen not only as a holiday property but also as a vacation rental should the owner not stay and opt for profit. With the projected 10 million tourists per year visiting the county, this proves to be a rewarding opportunity.

Various types of real estate are being developed such as villas, condos, houses and apartments. In particular, Tangier apartments are seen to be strategically located and more financially accessible to both tourists and buyers. Whether the stay is for short or long-term, for renting or buying, with Morocco's booming economy and focus on developing better schemes for business, the benefit for all parties involved is what completes the bigger picture. For more information, please visit www.immobiliertanger.ma/.

Hassan Azgzaou

Company: Immobilier Tanger

Email: info@immobiliertanger.ma

Url: http://www.immobiliertanger.ma/