3 Gulf Countries Pledge Investment To Moroccan Tourism Industry

3 Gulf Countries Pledge Investment To Moroccan Tourism IndustryThe officials of the tourism paradise country of Morocco have reasons to smile these days. This developed after three oil rich countries in the middle east have decided to invest some $2.5 billion in funds to the North African country. The countries of Qatar, United Arab Emirates and Kuwait represented by its leaders Emir Hamad Bin Khalifa al-Thani, Prince Mohammed bin Zayed al-Nahyan and Kuwaiti Foreign Minister Mustafa Jassem al-Shamali personally went to Morocco to sign the agreement on Thursday.

It was learned that aside from the investment money, Moroccan King Mohammed VI also signed a series of other bilateral economic cooperation accords with Qatar’s emir. According to reports, the investment fund is a huge boost to the tourism sector of Morocco since it will offer the much needed investment of the coastal country. Tourism experts explained although a favorite site to visit by tourists, Morocco for years lacked financial investment due to the economic condition of the North African monarchy.

The Moroccan government is very happy with the tourism aid they received and hoped the latest gesture would result to the influx of more tourists to the country. Internet facts state that Morocco is a major destination for European tourists seeking sun and sand.