African Development Bank Approves 57 Million Euro Boost for Nador West Med Port Project

This financing comes in addition to a first (113 million) allocated in 2015 for the construction of this complex, indicates an AfDB press release. The Nador West Med project is very ambitious and involves the construction of two twenty-foot equivalent container terminals, a specialized bulk berth of four million tons and a general cargo terminal of 33 million tons, specifies the AfDB.

"At the crossroads of major container and hydrocarbon transport routes, the construction of this new deep-water port infrastructure consolidates Morocco’s presence on global shipping routes," said the AfDB’s Director General for North Africa, Mohamed El Azizi. "It will be an attractiveness factor for the Oriental region. A real accelerator of development and regional integration," he said.

For his part, the AfDB Group’s Country Manager for Morocco, Achraf Hassan Tarsim, noted that Nador West Med will allow the region to open up to the world and will contribute to the creation of thousands of jobs and the emergence of new industrial sectors.

Nador West Med aims to make the national economy even more competitive, increase the logistical competitiveness of the national economy, through the securing of Morocco’s supply of hydrocarbons. It is a port infrastructure that comes to strengthen the offer of the Tanger Med port, inaugurated in 2004.