Morocco Launches Tourism Investment Fund to Revitalize Sector

The tourism sector’s program contract envisaging the revival of the sector’s investment will involve the establishment of a dedicated investment fund, indicates l’Economiste.

Two categories of establishments will be favored, defined the Minister of Tourism, Nadia Fettah Alaoui: establishments that will not be able to survive or those that still believe in the future, but do not have the means to keep up. But for now, there have been no turnarounds for those who had started investing, the minister rejoiced.

Innovation also involves a priority for these investment funds. As well as the institution of a probable investment in entertainment. The SMIT will have a major role in supporting SMEs with entertainment projects that need, for example, financing of 500,000 DH.

It is in this perspective that the reflection on the change of vision and strategy is inscribed. Its sizing must be reviewed, starting with the rationalization of costs through the optimization of representatives at the regional and international level. For the time being, the merger is not a priority, like the public agencies in charge of promotion and exports.