Signed by Minister of Tourism, Handicrafts, Air Transport and Social Economy, Nadia Fettah, Managing Director of the Moroccan National Tourist Office (ONMT), Adel El Fakir, Director-General of the Moroccan Society of Tourism Engineering (SMIT), Imad Barrakad, and the Chairman and Managing Director of the Club Med Group, Henri Giscard-D'Estaing, this Memorandum of Understanding aims to formalize the Club Med development projects and its investor partners.

This MoU also aims at defining the support which will be given by the Tourism Department and its entities in order to enable the materialization of these projects. 

It touches on three projects namely: the renovation of the Yasmina Club in Tetouan, the development of a new village in the tourist resort of Mogador in Essaouira, and the extension and renovation of the Club Med village in Marrakesh.

Totaling an overall investment of about MAD 1.3 bn,  these projects should enable the creation of over 600 direct jobs.