2 Minister of Tourism & Handicraft Kingdom of Morocco Submitted to:H.E. Yassir ZenaguiMinister of Tourism & HandicraftKingdom of MoroccoDisclaimerThis presentation document contains information which is proprietary to Ethraa; and is (and is intended to remain) confidential, being provided for the exclusive use of the intended addressee and may be legally privileged. If you have reason to believe you are not the intended addressee(s); disclosing, copying, disseminating or otherwise taking any action in connection with this document or the information in; it is prohibited and may be unlawful. If you have reason to believe you have accessed this document in error, please notify Ethraa, comply with the foregoing warning and delete this document from your system. This document shall not constitute binding legal obligation with the company..
5 STATISTICS Main Economic Indicators Total Population: 34,343,220 Gross Domestic Production: 88,682 USD MillionsGDP per Capita: 2,805 USDForeign direct investment: more than 4 billion USD (+ 24.6%)Inflation rate: 2%Unemployment rate: 9.7%Growth by main sectors in 2007 compared to 2006:Agriculture: -21.2% Manufacturing industry: + 4.5% Tourism: + 5.8% Financial services and insurances: +14.9% Construction: + 9.8% Telecommunications: % Hotels and restaurants: + 5.3% Transportation: + 4.8% Mining (Phosphate exports): +4.6% Crude oil consumption: + 2.8% Electricity consumption: + 7%STATISTICS
6 GOV. OF MOROCCO National Initiative for Human Development 2005 Medical Cover29,000,000UncoveredGOV. OF MOROCCOMedia Landscape2004Tourism201010,000,000 TouristsHuman Rights1993Housing5,000,000In-SlumsLabour Code2004Family Code2003
7 MOROCCAN TOURISMIn Marrakesh 2001, Agreements for Framework and Implementation were signed between the Moroccan Government and the General confederation of Moroccan EnterprisesThe 2010 Strategy had elaborated a contract program during period, entitled "Tourism: a vision, a challenge, a will“ This meant to deploy all resources, programs and investments to reach a target of 10 million Tourists by the year 2010By 2009, Morocco hit 153,000 beds, 16,000,000 hotel nights and 7,000,000 tourists . Tourism contribution to GDP increased by 5.4%
8 INITIATIVE 2010 2010 Vision & Future 2010 Strategy What is Missing? To Treble Capacity of AccommodationModern Market PartnershipsINITIATIVE 2010To Train 70,000 ProfessionalsTo Generally Improve QualityTo Treble Transport SeatsTo Restructure Organs of the State2010StrategyProductMarketingOrganizationTrainingEnvironmentAir TransportWhat is Missing?Social /Communal IntegrationSoft & Physical InfrastructureFDI Indentifies & Motivations
13 HUMAN RESOURCES Examples.. Academic Professional Vocational Curriculum on Global TourismData Cultivation & Research CentersHUMAN RESOURCESExchange & International ProgramsProfessionalManagers Development ProgramsAdvanced Management Training ProgramsProfessional Accreditation Training ProgramsVocationalFederation of Moroccan Tourism Institutes (MTIs)On the Job Training ProgramCraftsmanship Revitalization SchemeIn Parallel; Launch National Poll on Tourism Industry
15 Consortium Formation SPVs for Companies on Government of Morocco Caisse CentraledeGarantieTourism Development Holding CompanyTDHCQatar Investment AuthorityQIAPrivate InvestorsPI/SWFsAgadirChamberCCISInvestment BankHSBCSPVs for Companies onGeographic DevelopmentsMinistryof Tourism & CraftsConsortium Formation