In a strong call to action, the Union of Creditor Companies has demanded an immediate and fair resolution to the ongoing financial dispute surrounding the Ritz-Carlton Tamuda Bay and Ritz-Carlton Dar Essalam projects—two flagship tourism developments once hailed as key drivers of investment and economic growth in Morocco .
As part of its efforts to defend the rights of national enterprises, the Union announced the organization of a press conference aimed at shedding light on the legal and financial deadlock that has left dozens of companies unpaid for completed work .
The conference will provide a comprehensive overview of both projects, tracing their trajectory from the launch of construction to the abrupt halt in progress. It will also highlight the pivotal role played by Moroccan companies across various sectors—including construction, equipment supply, and related services—in bringing these large-scale developments to life .
At the heart of the issue lies a dispute between the project investor and the State’s private domain authorities, a conflict that has had direct and severe repercussions on contracted companies. Despite fulfilling their contractual obligations and completing agreed-upon work, many firms have yet to receive their payments .
According to the Union, the consequences have been devastating—particularly for small and medium-sized enterprises (SMEs), which now face acute financial strain. Many are struggling to pay employee wages, service bank loans, and meet tax obligations, placing their survival at risk and threatening numerous jobs .
“This situation cannot continue,” the Union stressed, warning of the broader economic, social, and legal implications if the matter remains unresolved. The press conference aims to amplify the voices of affected companies and alert decision-makers to the urgency of the crisis .
Reiterating its position, the Union called for a swift and equitable solution that guarantees the payment of all outstanding dues. It emphasized that such a resolution must be grounded in respect for the rule of law, the protection of the investment climate, and the restoration of trust between the State, investors, and economic stakeholders .
The Union concluded by affirming that its demands are limited to the recovery of egitimate financial claims for work already carried out, expressing its readiness to engage in any serious and responsible dialogue that could bring this pressing issue to a close .
