so many reasons...
taxes (high in morocco, something they learnt from the french..its the democratic monarchist trait)
land costs (north morocco is mediterranian egypt is reclaimed desert)
distance to UK (we brits are the biggest investors in off plan development..egypt is further away from UK)
FDI (egypt goverment reforms need fdi especially foreign currency)
military/goverment land (egypt land is mostly in goverment and military hands)
Sahl Hasheesh land was sold to ERC for $1 per m2!!!!!
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