Tips and Topics In Morocco


April 2008 Hamptons International Estate Agents open an invoice in Morocco

The Morocco office is located in Casablanca and will provide clients, investors and developers with a full range of sales (individual and bulk purchasing), lettings, development consultancy and mortgage services. The Morocco team will be led by Youssef Benamour, managing director – Hamptons International North Africa. Morocco is currently undergoing rapid economic growth — as part of Vision 2010 — the strategic development plan devised by King Mohammed VI. The plan was launched with the purpose of increasing the number of annual tourists to 10 million by the year 2010 and creating 600,000 new job opportunities.

Youssef Benamour, managing director, North Africa – Hamptons International comments, “Morocco has a distinctive natural beauty, from rocky coast to snow-capped mountains, and a climate conducive to year round outdoor living and leisure. As a destination and a place to live it is increasingly sought after.”

Benamour continues, “The new Hamptons International Morocco office will provide a one stop shop for customers (investors and developers) wishing to buy either a holiday home or a residential investment in Morocco. As a result of the planned economic growth, there are some excellent investment opportunities across the Country.” The opening of Hamptons International Morocco forms part of the company’s strong expansion strategy. In addition to well-established branches in the UK, Dubai and Oman, Hamptons International is launching offices in countries such as Italy, Russia and India, and marketing properties in some of the most exotic locations in the World including the Seychelles and Mauritius.

March 2008 Mediterranean building ban

Environment ministers of 14 countries have agreed in principle to ban the construction of commercial and residential developments within 100 metres of the Mediterranean coastline. The new Integrated Coastal Zone Management (ICZM) was ratified in Almería by the ministers.

The convention has agreed that along the 29,000 mile shoreline of the Mediterranean that no construction would be permitted within 100 metres of the coast in an effort to help protect the coastline from the damage caused by development and human contact.

Christina Narbona Spain’s minister for the environment and José Fernández Pérez, Spain’s environment ministry Director of coastal areas told a press conference that Albania, Algeria, Croatia, France, Greece, Israel, Italy, Malta, Montenegro, Morocco, Slovenia, Syria and Tunisia have all ratified the Barcelona Convention and that Bosnia, Cyprus, Egypt Lebanon, Libya and Turkey have not at this stage, however they are believed to be signing the agreement later in 2008.

October 2007 From the 17th November 2007 — Low cost carrier Ryanair strats flights between Dublin and Nice

Aer Lingus's monopoly of flights between Dublin and Nice will end when a daily Ryanair flight starts. Ryanair will also be operating routes to Marrakesh and Fez in Morocco from Nice Cote d'Azur and Marseille from October 31st. 2007

Founder of Ryanair — Dr Tony Ryan dies

Dr Tony Ryan the Ryanair airline founder and entrepreneur died at his home in Co Kildare, Ireland on the 3rd October 2007 after an 18 month battle with pancreatic cancer. He was 71. Michael O'Leary chief executive of Ryanair who was Tony Ryan's personal assistant said," It was a privilege to work for him and to learn from him". More on this story here.

April 2007 Savills Estate Agents list the league table of where the British buy overeas

Research among existing future buyers overseas have found that in Spain is top of the league table for British owned property overseas, followed by France, Portugal in 4th place and Morocco in eighth place after Cyprus. April 2007 Cannes film festival celebrates 60th birthday in May 2007

March 2007 Tunnel to be built under the Strait of Gibraltar to link Africa and Europe

Morocco and Spain are planning a joint effort to link their countries by an undersea train tunnel, The governments of these two countries have taken a further step towards the building of a rail tunnel that will connect Europe and Africa, in what will be a historic technological feat. The tunnel will be made up of two rail tunnels and one service tunnel in the middle connecting the two, similar to the Channel Tunnel running between Britain and France. This will mean that in several years time a traveler could make a journey by train from the north of Scotland into Africa.

The Moroccan Premier Driss Jettou called the tunnel initiative "an important milestone" in relations between the two countries. The Spanish Prime Minister Jose Luis Rodriguez Zapatero said he was committed to the project, though he demanded some financial assistance from the European Union. The Spanish Minister of Development Francisco Alvarez Cascos was quoted in Arabic as stating that this tunnel will be “in the 21st century what the Suez Canal was in the 19th century and what the Panama Canal was in the 20th century.”

March 2007 New Member of the Royal Family in Morocco – 28th February 2007

The wife of King Mohammed VI, Princess Salma gave birth to a daughter on the 28th February. She has been named Princess Lalla Khadija, a name given in honour of Princess Salma’s late mother. The main celebrations under Muslim tradition begin seven days after the birth. The 43 year old King is now the father of two children. Crown Prince Moulay Hassan, named after King Mohammed's father Hassan II, was born in May 2003. The birth was announced by the traditional 21 cannon fires. Dozens of people gathered in front of the palace in Rabat, where the King made an appearance to greet citizens. The warm reception for the new princess is seen as being in line with the "feminist" views of King Mohammed. His regime is known as one of the foremost champions of the rights of women in the Arab world, according to analysts in Rabat.

March 2006 Budget airlines move into Africa

easyJet has announced that it will be flying daily to Marrakesh in Morocco starting on Friday 3rd March. It will fly brom London Gatwick.The low cost carrier founded in 1995 by Stelios Haji-Joannou will offer flights starting at £30.99. Marrakesh was a popular destination on the hippie trail in the 1960's and now attracts celebreties like Damon Albarn and Sadie Frost. There are now a lot of people buying holiday home accommodation in the area. An easyJet spokeswoman has said that countries outside the EU were becoming enthusiastic about low cost airlines.The airline is also starting flights to Istanbul in Turkey and Rijeka in Croatia. From July 4th 2006, they start a service from Glasgow, Scotland to Marrakech.

The information provided here on the Tips and Topics in Morocco page is given in good faith and should not be relied on for accuracy

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