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The Kingdom of Morocco

History

The history of Magreb is as colorful as the life in the Eastern world. At different times Morocco has been ruled by the Carthaginians, the Berbers, the Romans, the Portuguese, the Spanish and the French who all left behind something of their religion, architecture and language. 

During several centuries Morocco was a rather strong country but its influence and wealth dimished and already in the beginning of the 20th century it was colonized by the countries of Old Europe. Rivalry for the right of colonization took place between Great Britain, Spain, France and Germany. Moroccan territory was divided and re-divided between those countries during decades until in 1956 sultan Mohammed V managed to become the first ruler of independent Morocco with the help of the resistance movement.

Economy

Morocco is one of the wealthiest African countries whose economy is mostly influenced by its geographical position. Being the link between Europe and Africa favors tourism, agriculture and textile industry. The most important natural resources of Morocco include fish reserves, phosphate mines and water based energy. Since the year 2000 one can add to that list also oil reserves that were discovered near the eastern coast of Morocco. Important contributors to GDP growth are also foreign corporations’ investments into telecommunications and money transfers of those Moroccans living outside their homeland. Expatriates wire approximately 2 billion dollars worth of money earned elsewhere to Morocco on a yearly basis.

Morocco in general

Today, the population of Morocco is about 32 Million people, 99.1% of whom are Arabs and Berbers. It is difficult to estimate the ratio between those two ethnic groups as the Arabs have assimilated rather well. Marriages between the two communities are widespread and in some region it is not possible to determine the ethnic origin of a person via behavioral characteristics. Historically Southern Morocco and the Atlas region are considered to be the Berber’s land, but the social processes in the society during hundreds of years have had their effect also on the people of those regions.

The ruler of Morocco is His Majesty Mohammed VI (born August 23,1963), who is the 22nd representative of the Alouitide’s dynasty and the 34th descendant on the prophet Mohhamed’s daughter Fatima’s line. Mohammed VI has ruled the country since July 23, 1999. In comparison to the previous king, his father Hassan II, the French educated Mohammed VI is more European. Running his politics in a more open and democratic manner he tries to approach the Western countries and improve relations with the neighboring ones. He began his governance by announcing amnesty (also on political prisoners) and by firing unpopular politicians from key positions.

Le Jardin de Fleur

As a founder and part owner of the global real estate developer, Property Logic, Mr. Reinsalu is involved in the multi-million dollar construction and development project, Le Jardin de Fleur, on the Mediterranean coastline of Morocco. Le Jardin de Fleur is a luxury beach and golf resort on the six-kilometre sandy beach at Saïdia, offering a unique investment opportunity to invest in a private luxury residence in one the largest resorts on the Mediterranean.

Among other prestigious Arabian CNBC property awards, Le Jardin de Fleur has won the award for the Best Development in Morocco. It also has the support of His Majesty King Mohammed VI as one of the six government-backed costal projects aimed at boosting tourism in Morocco.

Upon completion the resort will comprise 11 hotels, three golf courses, a 1 000-berth marina and almost 3 000 residential and luxury vacation homes.