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Economic Initiatives and Tourism Trends in Morocco

/ To the recipients .. Here is the economic bulletin of the Maghreb Arab News Agency .. within the economic file of the Federation of Arab News Agencies “FANA” /.

– Marrakesh.. The National Initiative for Human Development supports young entrepreneurs in the field of wooden furniture production

Rabat, August 30, WAM/ Since the launch of its third phase by His Majesty King Mohammed VI, King of the Kingdom of Morocco in 2018, the National Initiative for Human Development, especially within the framework of its third program “Improving Income and Economic Inclusion of Youth”, continues to provide important financial and technical support to young people. Project holders in the prefecture of Marrakech.
The “WOODOLOGY” project is a living example of this firm commitment of the National Initiative for Human Development to promote youth employment and develop a new generation of projects. It will value the local qualifications through a new approach to creating added value thanks to concrete work that targets the project, its holder and the surrounding environment.
The project, which required an investment of 300,000 Moroccan dirhams, including 180,000 Moroccan dirhams as a contribution from the initiative (60 percent), is concerned with creating a craft workshop specialized in the design, construction and production of furniture and decorative tools from wood, as well as the restoration of old furniture.
Idriss Nimawi, the founder of “WOODOLOGY” said in a statement to the news channel (M24) affiliated with the Maghreb Arab News Agency: “The National Initiative for Human Development granted me financial support that enabled me to acquire equipment and tools for cutting and designing raw materials, as well as making furniture and decorations from wood.” .
He added: “We started working less than a year ago, and we were able to gain a share of the market by working continuously to improve the image of our brand, products and services with consumers.”
The program of the National Initiative for Human Development “Improving Income and Economic Inclusion of Youth” aims to provide support and support for project holders in order to enhance the economic inclusion of youth and women, by providing them with job opportunities and self-employment.
The intervention of the National Development Initiative, during this period, will enable the implementation of 134 projects in the productive and service sectors. This would contribute to providing new job opportunities and creating more added value at the local level.

– The National Initiative for Development in Marrakech.. “Mazafab”.

The ecological project “Mazavab”, as a plastic waste recycling unit, is the culmination of the perseverance and commitment of three young people, who were supported by the National Initiative for Human Development in its third phase.
The owners of this project, which falls within the framework of the “Income Improvement and Economic Inclusion of Youth” program and entered service in 2022, aim to contribute to promoting the transition of their industry towards a circular economy and the development of an effective recycling division in accordance with a responsible approach at the economic, social and environmental levels.

– “Investigation”: 49 percent of Moroccans go to national tourism at least once a year.

A survey conducted by the “Senergia” group showed that almost half of Moroccans (49 percent) receive national tourism at least once a year, not counting family visits and invitations from friends.
The survey, titled “Moroccans, Travel and National Tourism”, indicated that most of the respondents (99 percent) will travel with family or friends, and the trip will include, in addition to the traveler participating in the survey, between one and eight people, adding that 33 percent Of the survey respondents who intend to travel for 7 days, 19 percent plan to travel for less than 7 days, while 17 percent will travel for 10 days.
He stressed that a third of Moroccans intend to turn to national tourism this summer, pointing out that 66 percent of the participants in the survey choose to live in rented homes, and hotels come in second place with 29 percent.
– Expert: An expected improvement in the activity of the real estate market, thanks to Moroccans residing abroad.

Amine Mernissi, expert in the real estate sector, author of the “Répons’IMMO” guide and founder of the website www.reponsimmo.com, expects real estate transactions to improve during the third quarter of 2023, thanks to the contribution of Moroccans living abroad who revitalize the real estate market every year during this period.
Mernissi said, in an interview with the MAP, that the year 2023 witnessed the announcement of programs and plans that will bear fruit starting in 2024, especially the direct support program launched by the government for those wishing to purchase a main residence for the first time, noting that until the end of the year, the market will remain In a state of waiting and anticipation, given that direct support will not begin to be disbursed until 2024.
Annual meetings of the International Monetary Fund and the World Bank.
Julie Kozak, Director of the Information Department at the International Monetary Fund, confirmed that the fund has an “extraordinary partnership” with Morocco, which is preparing to gather the world’s economic elite, next October, to discuss the challenges at a time when cooperation has become more vital than ever, praising the progress. Made in the preparations underway to host the annual meetings of the International Monetary Fund and the World Bank in Marrakech.
“We are very happy to hold our annual meetings in Morocco next October. It is the first time in 50 years that these meetings have been held on the African continent,” Kozak said, in an interview with MAP, noting that the Kingdom of Morocco has always been a crossroads between the Middle East and the Middle East. Africa and Europe.
She added, “There is nothing better than this forum to discuss our global challenges at a time when cooperation is more important than ever,” considering that “some of the challenges the world faces, such as climate change, can only be lifted when the international community joins forces.”
It is expected to attract about 14,000 delegates from 190 member states of these two international institutions, and officials from the public and private sectors will participate, in addition to representatives of civil society organizations and experts from the academic community.
Regarding the topics on the agenda of the Marrakesh session, Julie Kozak indicated that this meeting will be an opportunity to discuss some of the challenges of concern to Africa, as well as the opportunities offered by the African continent.
She said, “Africa and the Middle East are two regions with a majority of young people. Therefore, the agenda of the upcoming meetings will include an important axis. How can we benefit from this data and the importance of youth in these two regions? How can we benefit from youth by talking about the opportunities provided by digitization and modern technologies?”

-Vana-

Dina Omar

#MAP #report #economic #file #Fana
2023-08-30 09:25:00

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