In news that will be welcomed by Tangier property investors, the ruler of Morocco, King Mohammed VI, has inaugurated the new $33 million (USD) terminal at Ibn Batouta International Airport which serves the vibrant port city of Tangier.
The new airport terminal has been built to accommodate the ever-increasing numbers of tourists who are visiting this fascinating part of Morocco.
The new terminal which occupies a huge plot of some 12000m2 has been built to handle up to one million passengers per year. This striking new addition to Ibn Batouta International Airport is equipped with the most up-to-date technological equipment expected of a modern airport.
Low-cost carrier easyJet already have a limited service to the airport which they are planning to expand within the next year. Past examples have shown that when easyJet and other low-cost carriers become fully operational, Tangier property prices can expect an uplift of at least 20%.
The airport which received more than 365,000 passengers in 2007 is expected to welcome over 1 million passengers by 2012, rising to 2.6 million by 2015.