i Morocco and four Gulf Arab states would offer 40 percent of the funding for tourism projects worth two billion euros (2.78 billion dollars) in Casablanca, Tangier and Rabat.
The Moroccan government announced last month plans to redevelop the area of the port of Casablanca and the estimated investment from the Gulf states four -alkwyt, Saudi Arabia, Qatar and the UAE Arabic approximately 6 billion dirhams (741.14 million dollars), although it now appears that the contribution of the Gulf states may be less than that reported "Haddad "on the sidelines of tourism exhibition in Dubai that these countries will also cooperate with two other projects in Morocco in Rabat and Tangier Satdmannan housing units.
He said that the cost of the three projects combined are expected to amount to two billion euros and added that Morocco and the four Gulf states would offer 40 percent of the funding for the three projects and the rest will come from private sector investors and bank financing. He said the lawmaker will develop Rabat valley between the Moroccan capital and the nearby city of Salé and will include residential units, hotels and cultural sites of attraction such as a museum and theater.
In Tangier, the government would develop the port area of the city overlooking the Mediterranean Sea on the land currently occupied by factories and military barracks and some port facilities. He said, "Haddad" The construction of the three projects will begin this year and will be completed within 4-5 years, adding that the number of tourists will rise 8 percent this year from 10 million tourists in 2013, while the total number of nights spent by tourists will increase 10 percent.
He added that this will lead to an increase of 4 percent in revenue. The total income from tourism Morocco last year's 57.55 billion dirhams.
The tourism sector is about 8 to 9 percent of the GDP of Morocco.
The four Gulf states agreed in 2012 to provide aid worth a total of $ 5 billion to Morocco in the period from 2012 to 2017 to develop its infrastructure and strengthen its economy and support tourism.
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