Western Sahara and Morocco Property

In 1974 Morocco has occupied Western Sahara going against the UN Security Council and a decision by the International Court of Justice. And United States has provided military, economic, and diplomatic support for Morocco's war effort.

At the western extremity of the Arab world on Africa's Atlantic coast, is Western Sahara, Africa's longest post-colonial divergence. Despite the fact that more than one billion people have been decolonized over the past fifty years, Western Sahara is still recognized by the international community as a "non-self-governing territory," occupied for more than twenty years by its powerful, Morocco. Just prior to the scheduled end of Spain's colonial administration in 1976, the territory was partitioned between Morocco and Mauritania and, later, came under exclusive Moroccan control. The incident happened despite the landmark October 1975 decision by the International Court of Justice that upheld the right of the people of Western Sahara to self-determination in the face Morocco's irredentist claims. What made the U.S. concerned was the scenario of an independent Western Sahara under the Polisario Front, a left-leaning independence pressure group, and also wished to boost the political fortunes of Morocco's pro-Western monarch, King Hassan II

The U.S. has prodded Morocco to track questionable neoliberal economic policies. With the demise of the anticommunist rationale, Morocco is now being touted as a bulwark against Islamic extremism and as a model for U.S. reforms. So if you want to move to this area, make your life and invest in Morocco property here and also put together investments regarding Morocco property we will give you some help.

You can, for example invest in oil and gas exploration making an agreement with the African government of Morocco see it acquire up to 60,000 km2 of unexplored offshore acreage. There is also a study to help determine the potential of more than 200,000 km2 of virtually unexplored acreage to get, what could be, a substantial foothold into the region.

The Moroccan government is enthusiastic to explore Morocco property for further reserves, especially offshore. Morocco has been signing some offshore exploration deals with foreigners who want to explore this area. Also privileges the privet investments. The first deals signed offshore Western Sahara, were in 2000 and since then they didn't stop growing. This meant providing the first push into the politically sensitive area, which may potentially contain more precious energy resources. There are nine blocs currently under exploration, both offshore in the Atlantic and Mediterranean and on land in the centre of the country at Labrouj and south of Rabat.

The main actions are stock rearing, fishing and phosphate mining. Not so many people have been exploring this side of nature: the see. There are good chances for business in Western Sahara in the fishing sector. There are three ports in the region Laâyoune, El Marsa and Boujdour, with a total annual catch of 310,207 tonnes valued at 40 million euros, and a fleet of over 700 fishing boats.

You can also try your business property in Morroco in the salt or sand exploring activates. It is being produced over the course of 1997 1,860,000 tonnes, or 2% of the national production of phosphates. It has 2500 employees. This production is exported to the USA (45%) and to southern Europe (20%). This area produces around 20,000 tonnes of salt a year. 76,630 tonnes of sand were being also exported to the Canary Islands in 1998 and this figure has increased.

So here you have already some tips to move to this area of Morocco, where to invest and how to make a rentable business.

Shelly Sugar researcher of economical investment in the North of Africa, mainly Morocco property investments.