Both Israel and Morocco are quickly recovering from the crisis caused by the pandemic. Their dynamic tourism economies are served by a healthy hospitality real estate market offering investment opportunities in all asset classes, from city hotels to resorts and lifestyle properties.
The recently signed Abraham Accords have strengthened relations between the two countries by fostering stronger business ties, facilitating travel and opening up investment opportunities. Just over a year after the agreement was signed, the impact on trade relations is already being felt, and looks promising for the tourism and hospitality sector in particular.
For tourism investors planning to grow their presence in Israel and in Morocco, or considering entering those markets, market knowledge is key. It is therefore timely that the Moroccan Agency for Tourism Development – SMIT, Morocco’s Ministry of Tourism and Israel’s Ministry of Tourism, are hosting the Morocco Israel Tourism Investment Summit in partnership with Hospitality Insights.
The event that will be held virtually will include speakers from both governments, as well as hospitality real estate investors, developers, hoteliers and consultants.
“After 2 years of disruption due to the pandemic we are excited that the Morocco Israel summit is happening right now. The Abraham accords signed last year under the guidance of His Majesty the King have really created new dynamics and cross border investment is expected to rise soon between the 2 countries, particularly in the tourism industry.” Has declared Mr. Imad Barrakad, CEO of the Moroccan Agency for Tourism Development – SMIT.
Mr Doron Aharon, Deputy Director General in the Israeli Minister of tourism has also cheered the excellent perspectives that the Morocco-Israel tourism investment summit is opening: “We have long been waiting in Israel for this event to happen and we are looking forward to discuss with Moroccan counterparts the perspectives of collaboration and investment.”
The digital summit will take place on Tuesday 22nd March – click here for more details and to register.