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ECONOMY OF MOROCCO

te-owned enterprises (Organization for Economic Cooperation and Development, 2004).

The government of Morocco also has initiated an infrastructure development program to boost the tourism industry in the country. The primary focus has been on the development of five major resort areas, within which private-sector companies will be invited to develop tourist properties. The initiative by the government of Morocco is intended to increase tourism four-fold from 2001 to 2010, and to increase the contribution of tourism to GDP from eight-percent to 20 percent GDP growing from 8 percent to 20 percent. Private-sector hospitality companies are being offered incentives by the government of Morocco to develop properties in Morocco. Simultaneously, the government is in the process of selling state-owned hospitality properties to private-sector companies (Organization for Economic Cooperation and Development, 2004).

In 2001, Morocco had an installed generating capacity of 4.1 megawatts. Most of this capacity was coal-fired. Since, 2001, the largest of state-owned generation facilities have been privatized. As a condition of the privatization sales, the new owners ag

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ECONOMY OF MOROCCO. (1969, December 31). In LotsofEssays.com. Retrieved 03:16, May 05, 2024, from https://www.lotsofessays.com/viewpaper/1693584.html