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Saidia, June, 20, 2009 -  His Royal Highness Crown Prince Moulay Rachid  launched a tourist resort in Morocco's Mediterranean coast of Saidia, during His official visit to the region.

Addressing the project, Crown Prince Moulay Rachid hopes that the development will increase social shield for the population, modernize Morocco’s economy and society, reinforce the national economic growth and stability and ensure the essential level of macroeconomic stability.

As industrial production and business enterprise activity has decreased in Morocco, Crown Prince Moulay Rachid mentioned that this has affected people's living standards.

Crown Prince Moulay Rachid also issued an instruction to draw up economic modernization and innovative development measures to alleviate the economic crisis.