Hotels wishing to apply could receive up to 100 million dirhams ($10 million) in loans, whose interests will be paid by the state, the ministry said in a statement. The program dubbed, Cap Hospitality, is backed by the Mohammed VI Investment fund and is expected to generate investments worth 4 billion dirhams, it said. Morocco’s tourism sector is poised to outperform last year’s record with the arrival of 6 million tourists in the five months this year, tourism minister Fatima Ezzahra Ammour said earlier this month. Morocco has a tourism promotion roadmap that aims to invest 6.1 billion dirhams to attract 17.5 million tourists in 2026 and 26 million tourists by 2030. In two years, the sector should be able to generate revenue worth 120 billion dirhams in hard currency, the Moroccan official said.
