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His Majesty presides over a signature ceremony of three conventions relating to new tourist projects
On July, 27, 2006 His Majesty the King Mohammed VI presided over a signature ceremony of three conventions in Casablanca, relating to new tourist projects, the cost of which amounts to around 23 billion DH (about 3 billion US dollars).
On that occasion, a full explanation was given to His Majesty the King about the realization of these projects which would give to Morocco, for the first time, a new and various tourist product.
Such projects revolve around the development of Taghazout's seaside tourism resort (Agadir) and the achievement of two integrated tourist investment projects in Marrakech and Tangier.
The first convention was signed by Mr Driss Jettou, the Prime Minister; Mr Thomas J, Barrack, the President of the "Colony Capital" Group; Mr Juan Miguel San Juan y Jover, the President of "Satocan Participaciones"Group and Mr Eustasio Lopez Gonzales, the President of the "Lopesan" Group. This project, whose construction work is planned for January 2007 is centred around the development of Taghazout's seaside station. It is worth noting that this project, which may be operational in 2009, requires a budget of 2,2 billion DH as well as the realization of direct tourist investments which amount to 10 billion DH.
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