The sale of collective land generated 509 million dirhams in revenue during the first nine months of 2023, a significant increase compared to the same period of the previous year when they were 404 million dirhams, indicates the Ministry of the Interior in its 2024 activity report.
In total, 33 real estate transactions relating to collective land with a total area of approximately 996 hectares made it possible to achieve these revenues in 2023, indicates the report, noting that the housing and tourism sectors took the share of the lion, with 57% of the total areas, followed by basic equipment projects with 41%. The rest of the areas were allocated to local authority facilities and industrial sector projects.
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The large part of the area transferred, approximately 564 hectares and 77% of the total, was allocated to private companies, reveals the report, specifying that these transactions brought in more than 391 million dirhams, or 57% of the total income from real estate transactions during the period.
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The State for its part obtained 261 hectares, or 26% of the total area, estimated at around 50 million dirhams. The rest of the areas, worth around 68 million dirhams, were allocated to local authorities, public establishments and the private domain of the State. These lands will allow the State to carry out housing projects and rehousing programs for slum dwellers.
Morocco
