signature of a memorandum of understanding for the revival of tourism investment

A Memorandum of Understanding (MoU – Memorandum of understanding) on ​​the revival of the Essaouira Mogador Resort Development Company (SAEMOG), was recently signed as part of the development of tourist investments at the resort. seaside resort of Mogador-Essaouira, indicates the Ministry of Tourism, Crafts and Social and Solidarity Economy.

Initialed by the Minister of Tourism, Crafts and the Social and Solidarity Economy, Fatim-Zahra Ammor, the Minister Delegate in charge of Investment, Convergence and the Evaluation of Public Policies, Mohcine Jazouli, the director-general of the Moroccan Society of Tourism Engineering (SMIT), Imad Barrakad, the director-general of the Moroccan Agency for the Development of Investments and Exports (AMDIE), Ali Seddiki, the director-general of SAEMOG, Mehdi Attayallah, and the leader of the consortium comprising 4 foreign investors, Samih Sawiris, this MoU covers an investment program of more than 4 billion Dirhams (MMDH), the ministry said in a press release.

This project provides for the renovation and extension of the existing hotel, the transformation of the current club house into a boutique hotel and the construction of a new club house, the development of a Club Med and 3 hotels on the seafront, the creation of a commercial and leisure area in the village of Mogador and its extension, as well as the development of real estate projects.

These investments will revitalize the Mogador resort, increase its reception capacity and its entertainment offer, and thereby boost the attractiveness of Essaouira on the chessboard of international tourist destinations. This project is all the more important as it will create more than 4,000 jobs, thus contributing to the socio-economic development of the region, the statement concludes.

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