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Morocco to invest MAD1.5bn in tourism

16-Sep-2011 11:51 AM

Morocco plans to invest MAD1.5 billion (USD184 million) to establish the Moroccan Tourism Fund (FMDT), in the hopes of attracting 18 million tourists by 2020 (Agence Ecofin, 15-Sep-2011). The funds will focus primarily on public-private partnerships driven by the state, and aims to showcase the cultural identity of Morroco.