Revenues from the tourism sector in Morocco yielded 21 billion Moroccan dirhams ($1.76 billion), according to an official statement, cited by the official Maghrebe Arab Presse news agency.
The statement added that Morocco, whose ambitions are to attract 10 million tourists by 2010, has signed a total of 16 investment agreements with both national and foreign companies totaling MDh 10 billion ($838 million).
The agency added that the tourism projects are expected to generate more than 17,000 jobs for local Moroccans. Currently’ it is estimated that the local tourism sector employs approximately 600,000 Moroccans on a yearly average.
Morocco’s economy is highly dependants on revenues from the tourism sector, with tourism revenues for the Moroccan treasury reaching two billion dollars per annum. This figure accounts for 7.8 percent of the country’s GDP. ― (MENA Report)
© 2001 Mena Report (www.menareport.com )