[Investy]

The markets of Turkey and the Red Sea / Egypt are unaffected by terror. People have short memories and life goes on.

The Moroccan King is a direct descendant of the Prophet and has total control, he even appoints the primeminister regardless of election outcomes.

The King, the Government, big business and most of all the people will benenfit hugely from tourism. The odd nutter with a long beard brings only woe upon his peoples as the Afghans found out.
In Pakistan where there are more pop music channels per head of population than anywhere else, many of the songs that have topped the charts in the last few months inluding a number one which held top spot for 13 weeks, have lyrics totaly against fundamentalism.

Morocco's tourism stratergy relies very heavily on many international developers, the likes of Emmar the worlds biggest for example. They would not be investing billions without having factored - in the current and future Political landscape.

In the end the most important factor investors need to frame in thier minds is the end user experience. The majority of end user tourists are faced with a number of holiday destinations within 3 hours of the UK (and less for Spainnish, French and Italian tourists).
I would say Morocco will present a unique close to home experience featuring very high quality developments, so the odd bomb simply wont affect the decision making process for all but the most fearful redneck pessimists.