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Tuesday, July 16, 2024

Delegation of British Investors Explore Opportunities in Dakhla

A large delegation of British investors is visiting Dakhla on Tuesday and Wednesday to explore investment opportunities in the Dakhla-Oued Eddahab region.

The visit of the delegation, led by Brannan Tempest, CEO of the Oblin Group (a company specializing in the engineering, supply and construction of solar photovoltaic and wind turbine systems), is an opportunity to learn about the main structuring projects in the Dakhla-Oued Eddahab region, as well as the momentum of development and progress that the region is experiencing at all levels.

The British delegation began its visit with a meeting with the Wali of the Dakhla-Oued Eddahab region, the Governor of the Oued Eddahab province, Lamine Benomar, during which the development that the region is experiencing in various fields within the framework of the new development model of the southern provinces was highlighted.

The British investors also held a meeting with the Chairman of the Dakhla-Oued Eddahab Regional Council, El Khattat Yanja, during which Yanja outlined the great progress made in the region and highlighted the regional development program (2022-2027) adopted by the Regional Council with a total budget of 4.36 billion dirhams.

In a statement to the press, Yanja noted that this visit was an opportunity for the British delegation to explore all the investment opportunities offered by the Dakhla-Oued Eddahab region, highlighting the efforts made by Morocco to improve the business climate and the environment in which national and international economic operators operate.

“The British delegation has expressed its intention to carry out major investment projects in the region, with significant budgetary allocations,” stressed Yanja, adding that these investments will contribute significantly to the economic dynamism of Dakhla-Oued Eddahab and the creation of jobs for young people.

For his part, Tempest indicated that “we are planning to implement a major renewable energy project to produce green hydrogen and ammonia in the southern provinces of Morocco,” adding that Dakhla’s climate, particularly the availability of wind and the abundance of sunshine, are attractive advantages for any investment in renewable energy.

A substantial budget will be allocated to this mega-project, he said, noting that a new green industrial zone will be created for manufacturers of solar photovoltaic panels and wind turbine blades.

“We are ready to launch our project,” Tempest stressed, specifying that the project will create 5,000 jobs.

The members of the delegation also attended a presentation by the Director General of the Regional Investment Center (RIC), Mounir Houari, in which he provided details and figures on the main productive sectors in the region.

The British delegation visited an industrial unit dedicated to the transformation of fishery products, a center for women artisans and a cooperative specialized in the production and marketing of camel cheese.

This Wednesday, the British investors will make a field visit to see how the works of the Atlantic port of Dakhla are progressing.

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