Public Management

Morocco to invest $580 mln to revive the tourism industry by 2026

Morocco to invest $580 mln to revive the tourism industry by 2026
Monday, 20 March 2023 19:08

In 2020, tourism contributed 7% to Morocco’s GDP but since then, arrivals are still below the 2019 level due notably to the impacts of the coronavirus pandemic. To revive the sector, authorities are considering structural reforms. 

Morocco will invest $580 million, by 2026, to revive its tourism sector, attract more visitors and boost foreign reserves. The announcement was made by the government last Friday.

Authorities plan to overhaul the sector's marketing plan, create more tourist attractions, modernize existing hotels and build new ones, and also train more tourist professionals.  The announced reforms aim at attracting nearly 17.5 million visitors, creating 20,000 new direct and indirect jobs, and generating 120 billion dirhams [nearly $12 billion] by 2026.

Morocco is one of the most popular tourist destinations in North Africa. However, the coronavirus pandemic dealt a blow to its tourism industry. With the pandemic over, the government wants to take advantage of the country’s international exposure --following the 2022 World Cup and its recent bid to co-host the 2030 World Cup-- to promote the Moroccan destination. 

According to the Ministry of Tourism, in 2022 the country attracted 11 million tourists, representing 84% of the number of visitors attracted in 2019.  At the same time, tourist revenues reached 91.3 billion dirhams, which is 116% of the 79 billion dirhams it generated in 2019. In 2020, the industry contributed 7% to Morocco’s GDP.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
ACK Holding signed an agreement to acquire Colas Gabon, a subsidiary of Bouygues. The deal includes industrial assets and 254 employees, with...
BICICI posted a net profit of CFA36.5 billion ($65.4 million), up 39.3% year-on-year in 2025. Customer loans fell to CFA524.4 billion as the...
Shares gained 42.36% in 2025 and hit an all-time high of 37,500 CFA francs in 2026, delivering investors a sustained rally on the BRVM...
Côte d’Ivoire signs $888 million deals at IMF-World Bank meetings Agreements target social sectors and $300 million energy...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.