The Head of Government, Mr. Aziz Akhannouch chaired, Thursday in Essaouira, in the presence of Mr. André Azoulay, Advisor to His Majesty King Mohammed VI, the signing ceremony of an agreement for the relaunch and development of the station tourism “Mogador”, involving an investment of 2.3 billion dirhams, which constitutes an important initiative in strengthening the role of tourism as a lever for the socio-economic development of the Kingdom, in application of the High Instructions from HM King Mohammed VI.
This agreement was signed with a consortium of tourism leaders from the Middle East, including MM. Naguib Sawiris, Hussain Al Nowais and Hossam El Shaer, renowned investors who have committed to making 50% of investments in the “Mogador” station by the year 2030, indicates a press release from the Department of the Head of Government.
The Mogador Station project, which is of strategic importance for the local and national economy, aims to increase accommodation capacity to 3,700 beds, an increase of 35% compared to the current capacity of the city of Essaouira , adds the press release, specifying that this project will also allow the creation of 20,000 direct and indirect jobs.
The project includes the extension of the Sofitel Mogador hotel, the creation of three seaside hotels, a Club Med, a Beach Club, a leisure village, as well as a golf course . A diversification which reinforces the attractiveness of Essaouira in the tourist offer of board sports and cultural tourism.
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In a speech on this occasion, Mr. Akhannouch stressed that this project will contribute to establishing Morocco’s position as a leading tourist destination, with regard to the economic and social dynamics that it can generate in the tourism sector, particularly in the city of Essaouira.
He recalled, in this regard, the call of HM King Mohammed VI to make the Atlantic coast of the Kingdom a space of human communication, economic complementarity and continental and international influence.
Mr. Akhannouch also highlighted the interest that the government places in encouraging investments in the tourism sector, as well as in other sectors that contribute to value chains and the creation of employment opportunities. , noting that the government provides investors with a range of tools and mechanisms for the optimal implementation of their projects.
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This ambitious project located in the heart of the city of Essaouira, symbol of cultural diversity and universal heritage, is part of a global vision of tourism development in Morocco, combining strategic investments, job creation and promotion of cultural heritage and natural of the Kingdom.
Taking part in this ceremony were the Minister of Economy and Finance, Ms. Nadia Fettah, the Minister of Tourism, Crafts and the Social and Solidarity Economy, Ms. Fatim Zahra Ammor, the Minister Delegate to the Head of government, responsible for Investment, Convergence and Evaluation of Public Policies, Mr. Karim Zidane, Governor of the Province of Essaouira, Mr. Adil El Maliki, the Director General of SMIT, Mr. Imad Barrakad, the President of the Municipal Council of Essaouira, Mr. Tarik Othmani, as well as several personalities and senior officials, particularly from the banking sector.
