$240 million from the World Bank for the Nador West Med port ecosystem

The government and the World Bank have agreed to sign a partnership to contribute to the emergence of an entrepreneurial and industrial ecosystem around Nador West Med, in particular through the development of connectivity infrastructure between the future port and the economic poles of the Eastern and Northern region. Within the framework of this partnership, the World Bank plans to grant financing of 240 million dollars for the Ministry of Equipment and Water.

A major financial backer for Morocco, the World Bank is present on all of the country’s strategic sites. According to our information, the government and the Bretton Woods Institution have agreed to sign a partnership for the development of connectivity infrastructure as well as an entrepreneurial and industrial ecosystem around Nador West Med (NWM). Within the framework of this partnership, the World Bank plans to grant financing of 240 million dollars, or approximately 2.4 billion DH, for the Ministry of Equipment and Water. The World Bank’s Board of Directors is due in June 2022. and this in the different provinces of the project area”, underlines an official source.

This government-World Bank partnership focuses on three areas of intervention. The first aims to support the development of competitive industrial activities based on Nador West Med. The second relates to support for the development of socio-economic activities enhancing the existing potential in the project area. As for the last axis of intervention, it aims to improve the physical connectivity between NWM and the economic poles of the Eastern and Northern region, to support the development of these competitive industrial activities and those socio-economic, objects of the axes 1 and 2. Among the projects to be co-financed, the development of the free zone, backed by the port, over an area of ​​630 hectares as well as an economic platform outside the zone likely to boost entrepreneurship and competitive industrial activities around the Nador West Med complex. Regarding connectivity, it is planned to widen and upgrade nearly 170 km of roads and build new roads over 7 km.

The improvement of the physical connectivity of the port, in particular with the other regional economic poles, aims to rationalize the transit time between NWM and the production areas and to boost the ecosystem of this industrial-port complex. Remember that this project is being built on the strategic site of Bettoya Bay, about 30 km from the city of Nador. The port infrastructure will make it possible to process in a first phase 3 million containers (Twenty-foot equivalent TEU), 25 million tonnes of hydrocarbons, 7 million tonnes of coal and 3 million miscellaneous goods. Alongside the port infrastructure, industrial, logistics and service zones will be developed in the Free Zone adjacent to the port and in the Development Zone targeting renowned investors, particularly in Morocco’s global businesses. The infrastructure construction work should be completed by the end of 2022, with commissioning scheduled for 2024.

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