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Wednesday, February 28, 2024

Africa’s economic progress will be aided by southern Morocco

Southern Morocco will develop thanks to its “megaprojects” which will make it a strategic destination for Europe and Africa and will “boost the commercial development of Africa”.

A Spanish media took a close interest in this vocation, and noted that thehe two major projects that will change a lot of things for the cities of the south by giving them an African dimension are the Atlantic port of Dakhla and the Tiznit-Dakhla highway.

Citing several sources, Atalayar recalls in particular the remarks of Mancor Ndiaye, former Senegalese Minister of Foreign Affairs, who assured that these new infrastructures will help the Kingdom of Morocco to open up to sub-Saharan Africa and will promote the “development of intra- African and regional”.

These two major projects, of which the port of Dakhla, which will be a major logistics hub, is a part, will be a driving force for the commercial development of the entire African continent, he insisted during a conference entitled “Dakhla as an African center”.

The port of Dakhla, which will be a link between the European and African continents, “reflects Morocco’s vision of the future to diversify economic activities in the region” indicates the Iberian publication.

According to forecasts, it will be one of the most technologically advanced and will have a traffic of up to 2.2 million tonnes of products sold in its first year of operation alone.

The former head of Senegalese diplomacy also added that the southern regions of Morocco are experiencing historic levels of economic growth in terms of industrial and financial sectors, and that thanks to the gradual implementation of various projects in the region , southern Morocco is getting closer to its goal of becoming an industrial, logistics and tourist hub.

Between 2014 and 2019, the economy of the Moroccan region of Dakhla-Oued Eddahab grew by up to 11.9%, said the head of the information division at the Directorate of Studies and Financial Forecasts (DEPF), under the Ministry of Economy and Finance, Ibrahim El Hasnaoui.

This increase is due to the development plan for the southern regions, launched in 2014, and it is the best regional performance, he added.

Moreover, according to official figures, it is the region of Dakhla-Oued Eddahab which has the highest gross domestic product per inhabitant compared to the other regions of Morocco, in particular thanks to the fishing and services sector.

The region of “Dakhla, located on the Atlantic coast of Morocco, is an area of ​​high strategic value that is particularly attractive for investors seeking to set up in Africa and import into European markets,” the Spanish media reported.

To conclude: “The new port to be built in the region aims to boost the industrial capacity of the region as more companies move into the logistics center next to the port, which will stimulate the economic growth of the region” .

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