France's Pierre et Vacance, operating in vacation resorts, will invest Euro270 million in a tourist project in Morocco with a capacity of 10,000 beds. According to MAP, the investment program includes the building of resorts in the tourist cities of Marrakech and Agadir, and tourist residences and apartments in Tangier, Rabat and Casablanca.

In total, 2,264 units/apartments will be built by 2013, under a memorandum of understanding signed between Europe's largest operator in vacation resorts and the Moroccan government during the 9th ministerial joint meeting held recently in Rabat.     The project will allow for creation of 700 direct and stable jobs, the Moroccan Tourism Ministry said.

© 2008 Mena Report (www.menareport.com)