Morocco抯 Five Major Port PlanTuesday, November 03, 2015 > 10:11:03
In a bid to prepare for a trading boom in the coming years and to enable it to become a key economic hub for regional container trade in Africa, Morocco is planning to build five major ports by the end of 2030, which will significantly increase its infrastructure, according to Morocco World News.
This initiative also aims to allow Morocco to improve its effectiveness and enhance trading relationship with its key trading partners.
Global publishing, research and consultancy firm, the Oxford Business Group (OBG), said that Morocco has “the right ingredients for future growth,” pushing ahead with the country’s effort “to dramatically improve and expand its regional port infrastructure”.
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“The strategy, which includes upgrades of associated logistics and industrial hubs, seeks to build major new port facilities at Nador, Kenitra, and Dakhla, as well as commodity-focused ports in Safi and Jorf Lasfar, in part to help facilitate the development of existing industries and comparative advantages in the surrounding regions.”
The OBG said that Morocco is “investing substantially in its port infrastructure,” as “around 98% of Morocco’s external trade currently takes place via ports – equivalent to more than 100 million tons per year.
The OBG concluded by saying that the development will allow Morocco to become more attractive to foreign investors, as well as enable it to develop its industrial sector.