Despite their continuous increase, the transfers of Moroccans residing abroad (MREs) do not contribute to the economic growth of Morocco, reveals a recent government report, noting that the share of these funds dedicated to investment remains insignificant.
China is sharpening its interest in the Moroccan Sahara. The Asian giant would like to make significant investments in the southern provinces and could even open a consulate in Laayoune.
The Spanish Congress has approved the abolition of "golden visas" that offer the possibility for foreigners, including Moroccans, to acquire housing and carry out commercial investments in the Iberian peninsula. These visas will continue to be granted until the new measure comes into force.
The Orange group aims to strengthen its investments in Morocco where it already employs some 3,500 people. The French telecoms giant places the kingdom at the heart of its expansion strategy in Africa and the Middle East.
In his speech on the occasion of the 49th anniversary of the Green March, King Mohammed VI announced a reform in the management of the affairs of Moroccans residing abroad (MREs), in order to better meet the needs of this community.
The recent cabinet reshuffle has confirmed the government’s lack of interest in the demands of the Moroccan community established abroad. Despite calls for the creation of a dedicated ministry, the government did not see fit to respond to this request.
Morocco will invest this year 8 billion dirhams in tourist accommodation, which would allow it to have 7,700 additional beds, said on Monday Fatim Zahra-Ammor, the Minister of Tourism, Handicrafts and Social and Solidarity Economy.
In Morocco, the real estate sector is sinking into a paralyzing stagnation. And the challenges to be met are numerous.
Morocco’s co-hosting of the 2030 World Cup with Spain and Portugal will have huge socio-economic repercussions on the country, but Morocco will have to make considerable efforts beforehand.
The controllers of the Foreign Exchange Office are currently verifying the documents of certain Moroccan businessmen who have transferred tens of millions of dirhams to finance investments in the Gulf countries and Africa.
Promoting investments by Moroccans residing abroad (MREs) in Morocco was on the agenda of an important meeting in London, attended by Moroccan experts and officials.
The Spanish real estate market remains an El Dorado for foreign investors. According to the latest data, they acquired 15% of the homes sold in the last quarter, one point more than ten years ago. Among them are many Moroccans.