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11/04/2007
Morocco has secured some $2.3 billion (£1.17 billion) of investment with tourism and the Moroccan property market expected to benefit...
In a ceremony presided over by Prime Minister Driss Jettou, a total of seven investment conventions were signed by government and industry officials, Gulf Daily News reports.
One of the main results of the inflow is expected to be a 3,000-bed tourism and residential complex in Marrakech, which will be developed by Iberostar Hotels and Resorts.
Emaar Properties, which is based in Dubai, will also construct a complex in the north of the country, offering 1,200 beds to tourists as well as a retail zone and business centre.
Other developments expected to result from the investment include a new IT development, maintenance and software support centre, according to news agency MAP.
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