Economy
The city's income is based on tourism and fishing. Many of its former inhabitants migrated to Europe during the 1960s through 1980s; large numbers of Moroccans in the Netherlands, Belgium, France and Spain were Al Hoceima natives. Many return to Al Hoceima during the summer, stimulating its economy and encouraging investment.
Since the 1990s, many western-oriented businesses have opened in Al Hoceima, including pizza parlors, fast food restaurants and clothing stores.
Read more about this topic: Al Hoceima
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)