Dubai International Properties explores Morocco for further opportunities that foster strategic investments

The prestigious conference, organized by the Moroccan Ministry of Economy and Public Affairs from 27 to 28, February, was aimed at boosting the economic cooperation and investment opportunities in various sectors, especially tourism between the two renowned cities. The event was attended by top decision makers and industry leaders from UAE and Morocco.

Farhan Faraidooni, CEO of Dubai International Properties, pointed to the similarities between Marrakech, one of Morocco's most famous tourist destinations, and Dubai, which is equally popular as a tourist destination for travelers from the East and the West.

"Dubai and Marrakech have a lot of common merits and advantages that other cities could aspire for. Both have a glowing tourism sector and internationally renowned, and on the business side, both offer promising investment opportunities,"

Faraidooni explained.

During the convention, he spoke about the excellent relationship between the UAE and the Kingdom of Morocco, the wise leadership of both countries and the forthcoming vision that aims at further development and progressive transformation of the economies of both nations.

Huge development strides

Faraidooni also pointed to the huge strides that Morocco has accomplished in the development of its economy over the past years. He referred to the on-going boom in the Kingdom's various sectors, especially in tourism, as well as to the foreign direct investment growth that is supported by influential reformation policies.

The Dubai International Properties CEO talked about Marrakech as one of the most important tourist attractions in Morocco, and said the city has grown to this stature by following solid steps established by clear strategies and policies to establish Marrakech's position on the global tourism map.

Turning to Dubai, Faraidooni talked about the economic revolution that the emirate has witnessed by embarking upon its own unique economic models.

Diversification of the economy, development of skilled and educated human capital, the establishment of pioneering projects, marketing and promotion, trust building, transparency and strategic partnership between its public and private sectors - are just some of the key factors that have driven the amazing growth of Dubai.

Faraidooni also talked about Dubai International Properties' achievements and the iconic projects executed in the field of development and investment worldwide creating landmarks where it operated.

"We are proud of our achievements in the past year. We have established a wide investment base through a chain of real estate development projects with our business expanding across most GCC countries, Morocco and Turkey," Faraidooni said.

About future projects, he added: "In three years time, we will expand our project base to cover North Africa, Middle East and Central & East Europe, in addition to Asia Pacific"

Faraidooni also talked about the DIP's strategy, its focus on developing trade marks like business towers under the name of 'DUBAI TOWERS, resorts and spas under the name of 'SALAM', in addition to the mixed-use urban community development like 'AMWAJ' in Morocco.

Faraidooni concluded by emphasizing Dubai International Properties' commitment towards more investments in the Kingdom of Morocco and the strategic investment opportunities that Marrakech city presents.