Morocco: SMAP Expo Milan 2019 Receives 20,000 Visitors

SMAP Logo of 2018
SMAP Logo of 2018
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Morocco: SMAP Expo Milan 2019 Receives 20,000 Visitors

SMAP Logo of 2018
SMAP Logo of 2018

Moroccan real estate and lifestyle expo, SMAP Expo Milan 2019, received 20,000 people this year during its showing days between November 1 and 3, where 35 exhibitors showcased their projects on various Moroccan cities.

This year, the event dedicated a special celebration to the Beni Mellal-Khenifra region as a guest of honor.

The program also included seminars and interactive meetings on the legal framework of the real estate in Morocco, market conditions and issues of financing the acquisition of property, taxes and investment opportunities.

The exhibition aims to bring the real estate market closer to the Moroccan community in Italy and neighboring European countries, by showing comprehensive and carefully selected housing projects in various regions of Morocco.

It also includes areas for banks and financial companies specialized in financing real estate and insurance, as well as notaries and representatives of Moroccan public departments to enable visitors to complete their transactions.

The exhibition stems from the association of Moroccan immigrants to their motherland, trying to facilitate the acquisition of a secondary residence in Morocco.

It wants to bring all relevant interests in one place and provide clarity about the Moroccan market including counseling and awareness services, through the discussions organized on the sidelines.

The SMAP Group organized the exhibition, in cooperation with the Ministry of Planning of the National Territory, Urban Planning, Housing and City Policy (MAPNTUPHCP), as well as the Moroccan Federation of Real Estate Developers, as part of the tour of the Moroccan real estate and art of living “SMAP Roadshow 2019”

The expo was first held in Paris in June, and later in May 2020, the French capital will host the exhibition “SMAP Immo Paris” as the first leg of “SMAP Roadshow 2020”.



Saudi Arabia Approves 2025 Budget with Total Deficit of $26.9 bln

General view of Riyadh, Saudi Arabia. (SPA)
General view of Riyadh, Saudi Arabia. (SPA)
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Saudi Arabia Approves 2025 Budget with Total Deficit of $26.9 bln

General view of Riyadh, Saudi Arabia. (SPA)
General view of Riyadh, Saudi Arabia. (SPA)

Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country's budget for 2025, state media reported, with a planned deficit of 101 billion riyals ($26.88 billion).

The budget set spending at 1.285 trillion riyals in 2025 and total revenues at 1.184 trillion riyals. ($1 = 3.7568 riyals)

The Crown Prince also directed ministers and officials to commit, each in his capacity, to implementing the programs, strategies, and development and social projects included in the budget, consistent with the goals of the Kingdom's Vision 2030.