Morocco secures €100 million for port development
The financing agreement between the National Ports Agency and the French Development Agency targets southern provinces and green ports.
Morocco's National Ports Agency (ANP) and the French Development Agency (AFD) signed a €100 million financing agreement in Rabat on Tuesday. This funding is designated for the development of the Southern Provinces and green ports.
The agreement, signed by ANP Director General Mustapha Farès and AFD Director in Morocco Catherine Bonnaud, is the third package under their strategic partnership. Minister Nizar Baraka stated the funds will support the ANP’s 2023-2030 investment program, with a focus on port projects in Tan-Tan, Tarfaya, Laayoune, Boujdour, Dakhla, and Lamhiriz.
Baraka explained the projects aim to strengthen the integration of the Moroccan Sahara into the national economy and leverage its Atlantic position. French Ambassador Philippe Lalliot highlighted the agreement's strategic significance and Morocco's large-scale investments in port infrastructure, citing Tanger Med as an example.
Why it mattersMorocco's port sector and its southern regions will receive significant investment for development and economic integration.