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A consortium of companies from Egypt and the UAE is reportedly planning to invest €200 million ($234 million) to develop a tourism project on Morocco’s Atlantic coast.
The move will further fuel the country’s tourism sector, which received 4.3 million tourists in the first quarter of 2026, a 7 percent year-on-year increase despite the Gulf conflict.
The consortium includes the UAE-based Al Nowais Investments, Egypt’s Sunrise Group and Egyptian billionaire Samih Sawiris, Asharq Business reported this week, quoting…