New Moroccan rail link may boost property markets

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News on Morocco

27 March 2008

The property markets in Tangier and Casablanca may be boosted by the news that the Moroccan government plans to invest around £1.3bn in a high-speed rail network linking the two cities.

The new rail link will cut the journey time between the two cities from around five hours to approximately two hours, and will transmit an estimated eight million passengers each year.

The country will also benefit from plans to implement infrastructure improvements, in an attempt to strengthen the economy and attract more foreign investment into Morocco. Around £7.5bn will be spent on upgrading roads, airports and ports.

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