Chinese Investors Look for Investment Opportunities in Morocco

A delegation of Chinese investors from the province of Guangzhou met with the Moroccan Society of Tourist Engineering (SMIT) on Monday, February 20, 2017.

As part of SMIT’s investment diversification strategy, this visit gave the Chinese investors the opportunity to discover the tourist offer at major Moroccan destinations.

Speaking on this occasion, Imad Barrakad, Chairman of the Management Board of SMIT, reviewed the main achievements of Morocco, especially its development of tourism sectors and infrastructures.

The head of the delegation, Wang Yong Bao, expressed the delegation’s wish to diversify their investments in Morocco. Yong Bao told SMIT members of his country’s ambition “to enhance the Silk Road, which was one of the main passages connecting China with parts of South and West Central Asia and Indian Regions with regions bordering Africa and Europe.”

The Chinese delegation includes investors operating in thematic hotels, amusement and recreation parks as well as spas and resorts. Thus, a tour was organized to study the main tourist investment opportunities in various tourist destinations of the kingdom, namely Tanger, Saidia, Al Hoceima, Fez, Essaouira and Marrakech. In addition, investment opportunities will be presented at the various key stations of the Azur plan which will be visited by the Chinese delegation.

It should be emphasized that the King’s visit to China in May 2016 gave new impetus to the Sino-Moroccan strategic partnership and further consolidated the cooperation between the two countries.

China is the 14th customer of Morocco and its 3rd supplier after Spain and France. Morocco is China’s 89th supplier and its 61st customer. In 2015, the volume of trade between China and Morocco reached $3.4 billion.

Source :Morocco World News