Morocco Agency for Tourism Development Concludes China Roadshow 2017 in Beijing- China Business Network

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Morocco Agency for Tourism Development Concludes China Roadshow 2017 in Beijing

2017-10-25

Brief：SMIT successfully concluded its roadshow in Beijing.

On 25th October, Morocco Agency for Tourism Development (SMIT) concluded a successful tourism investment roadshow in Beijing. The Moroccan delegation was headed by Mr. Imad Barrakad, CEO of SMIT, and earlier in the week had held similarly important event in Hong Kong and Shanghai. Over 160 Chinese companies applied to join the roadshow in Beijing and a selection of truly most senior executives of the most eager companies, such as China State Construction Engineering Group, China-Africa Development Fund, HNA Group, attended the event.

Investment Manager of SMIT was introducing the tourism investment in Morocco

Morocco is a rising destination with still untapped potential, and its tourism has shown strong resilience over the past years, as it attracts many world-class brands and top tourism investors, such as Istithmar World and TIKIDA. It is ranked Africa’s destination No. 1 in terms of tourist arrivals, and investment attractiveness in 2016 as well.

Apart from focusing on the tourism in Morocco, the presentation introduced government support and incentives to Chinese investors. Mr. Imad Barrakad said: “We have very attractive incentives for Chinese investors, such as tax exemption, cash contributions and other financing supports, like attractive pricing for prime location land parcels. I believe Morocco will welcome more Chinese foreign direct investment in the near future.”

Chinese investors were very active in sharing their positive experience in Morocco and also eager to know more specific projects

Dr. Adam Wu, Chief Operation Officer of China Business Network which organized the roadshow for SMIT, said: “Beijing marks the end of a productive and successful roadshow, and we’re glad to see that Morocco has received a great amount of interest from Chinese investors.”

SMIT delegates at Ministry of Commerce had cordial meeting with the Director of African Department

The Executive Vice President of China-Africa Development Fund Mr Wang Yong and
relevant colleagues warmly received Mr. Imad Barrakad, the Chief Executive and other delegates of SMIT

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