France's Pierre et Vacance, operating in vacation resorts,
will invest Euro270 million in a tourist project in Morocco with a
capacity of 10,000 beds. According to MAP, the investment program
includes the building of resorts in the tourist cities of Marrakech and
Agadir, and tourist residences and apartments in Tangier, Rabat and
Casablanca.
In total, 2,264 units/apartments will be built by 2013, under a
memorandum of understanding signed between Europe's largest
operator in vacation resorts and the Moroccan government during the 9th
ministerial joint meeting held recently in Rabat. The project will allow
for creation of 700 direct and stable jobs, the Moroccan Tourism
Ministry said.
[c] 2008 Mena Report (www.menareport.com)
COPYRIGHT 2008 Al Bawaba (Middle East)
Ltd. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2008 Gale, Cengage Learning. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.