Morocco - Nador West Med Port Business Park Development Project — Morocco

Overview

The Nador West Med industrial port complex is featured in the National Port Strategies for 2030,which are aimed at: (i) developing Morocco’s market share in international cruise trade; (ii) integrating the port system into the regional transport network; (iii) contributing to the Kingdom's regional balance (support for the development of the Oriental region); (iv) promoting social development; and (v) supporting the economy’s competitiveness. Since the port complex is designed as a logistics platform, it meets the need to optimise the logistic location of industrial production sites and is part of a strategy for the advanced specialisation of production plants and seamless distribution. Finally, it will support the delocalization of production in a globalized context, and the establishment of large-scale marketing outlets. As such, the planned complex is a tool for national territorial planning in terms of organising its zone of influence and regional development by attracting investors based on their areas of specialization(industrial, tourism, etc.), as well as job creation and added value. The project contributes to climate finance, with 39 million USD of the total approved amount dedicated to adaptation.