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16-Sep-2011 11:51 AM

Morocco to invest MAD1.5bn in tourism

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.