Tourism: MoU for the revival of investment in the seaside resort of Mogador – Essaouira

As part of the development of the seaside resort of Mogador – Essaouira, a memorandum of understanding (MoU) was recently signed on the relaunch of the Société d’Aménagement de la Station Essaouira Mogador (SAEMOG), the company that carries the resort. seaside resort of Mogador. In order to relaunch tourist investment in the seaside resort of Mogador – Essaouira, a memorandum of understanding (MoU) was sealed on February 21, 2023. In the amount of more than 4 billion Dirhams, the program of investment projected within the framework of this partnership 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 of 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. In terms of employment, it will enable the creation of more than 4,000 jobs, thus contributing to the socio-economic development of the region. The MoU signed by Fatim-Zahra Ammor, Minister of Tourism, Handicrafts and Social Economy, Mohcine Jazouli, Minister Delegate in charge of Investment, Convergence and Evaluation of Public Policies, Imad Barrakad , Managing Director of SMIT, Ali Seddiki, Managing Director of AMDIE, Mehdi Attayallah, Managing Director of SAEMOG and Samih Sawiris, leader of the consortium comprising 4 foreign investors.