Agadir Launches Hotel Renovation Grant Program to Boost Tourism Infrastructure

This involves the granting of a financial subsidy of up to 30% of the total cost of renovating the establishment, capped at 10 million DH and personalized technical support, said the regional development company (SDR) in a press release.

The disbursement of renovation funds is divided into four stages: the release of 20% of the subsidy for a 20% progress of the work, 30% once the progress reaches 50%, 25% for 75% progress of the site, and 25% at the end of the project.

Among the other technical details, companies, natural or legal persons under Moroccan law presenting a renovation program for a classified tourist accommodation establishment, meeting certain conditions, can benefit from this subsidy, namely to have been in continuous or discontinuous operation for at least 5 years.

The renovation program aims to diversify and thematize the tourist offer, accompany international trends, upgrade the tourist product and improve the competitiveness of the sector, concludes the SDR.