Morocco key statistics
POPULATION
The population of Morocco is around 34 million, of which over 1 million live
in Marrakech
MARRAKECH
Second largest city in Morocco - Rabat is the capital of Morocco
CURRENCY
Morocco's national currency is the Moroccan Dirham (MAD)
EXCHANGE RATE
1 GBP = 13.34 MAD (8 July 2010)
INTEREST RATES
3.0% (July 20010)
INFLATION
2.0%
TOURISM
In the 11-month period to November 2009, the Moroccan Tourist Industry confirmed
6.72 million tourists visited Morocco, which was a 14% year-on-year increase.
If tourist arrivals simply grow by a reasonable 10% per annum, that would result in 11.8 million by 2012 alone.
Morocco hotel market
Hotel valuations in Marrakech have increased and have been supported by increasing
interest from foreign investors who are keen to capitalise on the effects
of detailed infrastructure plans from the authorities and the attractive
capital values and rental income potential of the area.
At Room to Invest, we expect this rising interest to continue and to shore up capital values still further and we believe that Riad Harmonia is in an excellent position to capitalise on both existing and potential demand.