01 August 2002
Morocco has issued international tenders for the selection of builders and managers of five tourist resorts located on the Atlantic and Mediterranean coastlines, the official MAP news agency said.
Another resort at Taghazout, near the southern city of Agadir will developed by Saudi group Dallah Al Baraka, MAP said.
A market analyst said that Morocco needed an estimated $3-4 billion in investment to develop these six tourist complexes and boost business in the areas.