Mohammed Bin Zayed attends signing ceremony in Morocco

RABAT - General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday joined King Mohammed VI of Morocco, Emir of Qatar Shaikh Hamad Bin Khalifa Al-Thani and Shaikh Mustafa Jassim Al-Shamali, Kuwait’s Minister of Finance at the signing ceremony of a multilateral accord to create Morocco’s tourist investment fund.

By (Wam)

Published: Fri 25 Nov 2011, 1:48 AM

Last updated: Tue 7 Apr 2015, 10:39 AM

Shaikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Mohammed Mubarak Al-Mazrouei, Undersecretary of the Court of the Crown Prince, Al-Asri Al-Dhaheri, the UAE’s Ambassador to Morocco also attended the ceremomy.

The partnership agreement was signed by Khadem Abdullah Al-Qubaisi, chairman of the board of directors of the UAE’s Aabar Investments, Ahmed Mohammed Al-Sayyed Ahmed Mohammed, CEO of Qatar Holding, Badr Al-Ojail, Chairman of Kuwait’s Al Ajial Investments fund and Morocco’s Minister of Economy and Finance Salah Aldeen Al-Mezwar, Morocco’s Ministry of Tourism, Handicrafts & Social Economy Yassir Znagui and chairman of Morocco’s Hassan II Fund for Economic and Social Development (FHII) Abdul Wahid Al-Gabbaj.

King Mohammed VI, Shaikh Mohammed Bin Zayed, Shaikh Hamad Bin Khalifa Al-Thani, Al-Shamali were briefed on two tourism projects to be constructed in Ouarzazate and Oukaimeden.

The project in Ouarzazate features hotels, studios, residential buildings, an entertainment center and golf fields, while the project in Oukaimeden will feature a ski resort, golf fields, a heritage town, a conference center and tourism facilities.

Tarik Senhaji, Chairman of Moroccan Agency for Tourism Development, in a presentation, stressed that the partnership between Morocco on the one hand and the UAE, Qatar and Kuwait is set to further investment relations as it reflects the trust “Arab brothers have in Morocco as tourist and investment destination.”

Tourism now accounts for more than 10% of Morocco’s GDP and has achieved an annual growth rate of 12% over the ten past years. Ten million tourists visit Morocco every year, he further noted.

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