Morocco recorded a 12.7 percent increase in tourism returns during the first eight months of 2002, reaching $145 billion compared with average returns recorded over the past five years, reported the nation’s Custom’s Bureau.
The country’s hard currency reserves also increased by 12.8 percent from January to August reaching $9.74 billion, compared to $8.64 billion in 2001. Expatriate remittances increased by 57 percent during the same period to $2.33 billion compared to average remittances recorded over the past five years.
In a bid to attract 10 million tourists annually to Morocco by 2010, the government recently launched a media campaign geared toward local and foreign companies, promoting a new initiative for the construction of six new seaside resorts along the Mediterranean and the Atlantic coasts. Tenders are to be issued in the near future. — (menareport.com)
© 2002 Mena Report (www.menareport.com )