Morocco to Invest $580 Million to Boost Tourism Sector
T Morocco plans to spend $580 million by 2026 to develop its tourism sector, aiming to attract 17.5 million tourists and create 200,000 new jobs. The investment includes marketing campaigns, developing new tourist attractions, renovating and constructing hotels, and training personnel in the industry.
On March 17th, the Moroccan government announced its plan to invest 6.1 billion dirhams ($580 million) until 2026 to expand its tourism industry to attract more tourists and generate foreign currency.
The Morocco Prime Minister’s office stated that the government will allocate funds for marketing campaigns, the development of new tourist attractions, the renovation of existing hotels. he construction of new hotels, and the training of additional personnel in the industry.
By 2026, the government intends to increase the number of tourists to 17.5 million, which is a significant increase from 11 million visitors in 2020. The initiative is expected to create around 200,000 new jobs in the industry in the next four years, according to government sources.
Despite the pandemic’s impact on the tourism sector, the industry’s revenue increased to 91 billion dirhams in 2021, more than double the previous year’s income and surpassing 2019 levels.
Finally, Morocco’s ambitious proposal to invest $580 million in its tourism industry by 2026 is a strategic step aimed at revitalizing the sector and propelling it to new heights. The government’s emphasis on marketing, infrastructure development, and employment creation demonstrates a strong commitment to tourism growth. Morocco’s tourism industry appears prepared for a promising future, putting the country as a top destination on the global arena, with the goal of attracting 17.5 million tourists and the amazing recovery experienced in 2021.
