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Rabat – Morocco’s Hassan II Fund for Economic and Social Development has joined forces with the OCP Group and the kingdom’s national railway operator ONCF to forge a national hotel alliance.
The alliance will comply with the royal guidelines on restructuring public companies, according to a press release from the OCP Group. The alliance will allow Morocco to promote high-end hotel excellence and showcase the country’s heritage in order to further enhance its international reputation as a top tourist destination.
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Moroccan companies will retain complete governance over the hotels in the alliance, according to French-language news outlet Medias24. The alliance will allow the kingdom to pursue further opportunities for high-end hotel growth.
The alliance will also allow the public sector to consolidate its investment capacities with consistent sectoral plans and new investment programs, the source added.
The alliance so far consists of four historic and modern Moroccan assets. The hotels included are La Mamounia in Marrakech, the Jamai Palace in Fez, the Michlifen in Ifrane, and the Marchica Lagoon Resort in Nador.
The OCP Group is working to strengthen its presence in Morocco’s hotel sector, and the alliance confirms this initiative.
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