Paris - With tourist fund "Wessal Capital," Morocco has the clout to reach the goal of 20 million tourists by the year 2020, wrote on Wednesday French daily "Le Figaro."
Paris – With tourist fund “Wessal Capital,” Morocco has the clout to reach the goal of 20 million tourists by the year 2020, wrote on Wednesday French daily “Le Figaro.”
In an article entitled “Four Gulf countries bank on Moroccan tourism”, the paper recalls that Morocco made operational this investment fund to finance large-scale infrastructure projects and spur its tourism resources estimated at 9.5 billion dollars (7 bln euros) in 2013.
Wessal Capital is the first fund to bring together four Gulf countries, namely the UAE, Kuwait, Qatar and KSA, and Morocco, it said, noting that these countries will ship in an amount of 3.4 bln dollars (2.5 bln euros).
Tourism is a decisive sector in the Moroccan economy as it represented 8.6 % of the Moroccan GDP last year and helped the country attract 9.5 billion dollars of tourist receipts, it noted.