"The Moroccan government hopes to tackle with a package of incentives designed to revive the construction of low-cost housing, which was announced in its most recent budget," the international business newspaper underlined in an article dubbed "Morocco offers home help to its poor."
     
    "The number of units a developer has to build to qualify for the incentives is 500 over two years," the paper said adding that "the units should be sold at the fixed price of Dh290,000."

    The Moroccan government initiated in 2004 the "Cities without Slums" programme with aim of promoting cheap housing, the British daily said, adding that "More than 30 slums have been cleared".

    The government aims also to move 280,000 households out of the shanty towns and plans to spend 7.5 billion dollars during the next decade on low-cost housing and its slum clearance programmes, the Daily said.

    The paper also shed light on the government's measures to encourage mortgage providers to lend to lower-income families.

    "In 2004 the government set up Fogarim, a guarantee fund, which is used to underwrite 70 per cent of the sum loaned," the Financial Times said, noting that "It is funded by a levy of about $12 on every tonne of cement sold in the country."