2024-07-27 08:08:57
This project aims to promote value chains, particularly export chains, in order to support the Kingdom of Morocco in the transformation of its economic model, improve the business climate and generate significant investments that will stimulate the social and economic development of the Oriental region, the AfDB said in a press release.
It is also a question of creating more than 30,000 jobs in the long term by increasing the volume of commercial exchanges and other related activities in the Oriental region, particularly the province of Nador, adds the same source.
The NWD industrial port complex is being deployed as part of Morocco’s port strategy. By 2030, this sectoral vision aims to strengthen the integration of the port system into the regional transport network, to consolidate the competitiveness of the entire port logistics chain to create value and local jobs, and therefore, to accelerate the economic and social development of the Oriental region.
In this perspective, the AfDB had, in 2015, approved an initial financing of €112.8 million to contribute to the NWM construction project.
Seven years later, in 2022, this first project benefited from additional funding of €57 million, in response to the economic effects of the health crisis that it suffered.
In line with integrated development, the Bank also approved, in 2023, financing of €200 million to build the Guercif-Nador motorway and strengthen the attractiveness and logistical competitiveness of the Oriental region.
The objective of this financing is to contribute to connecting the future Nador West Med port to Morocco’s motorway network. With the new development project for the port’s activity zone, worth €120 million, the Bank’s total contribution to this integrated multimodal program will reach nearly €490 million.
2024-07-27 08:08:57