Marsa Maroc is expanding its operations in Africa by establishing two new subsidiaries: Marsa Djibouti in Djibouti and Marsa Benin in Benin. The investments aim to enhance logistics and port management capabilities in the region. Additionally, Marsa Maroc intends to leverage public-private partnerships to further its reach and efficiency in port operations across Africa.
Marsa Maroc, the Moroccan port management operator, is set to expand its footprint across Africa with the establishment of two new subsidiaries in Djibouti and Benin. As part of this venture, the company intends to invest an undisclosed sum in Damerjog Oil FZE, which will develop an oil and gas port on the Gulf of Aden in Djibouti. This strategic move aligns with Marsa Maroc’s ambition to enhance its logistics capabilities within East Africa and is facilitated through the establishment of Marsa Maroc International Logistics.
The newly created subsidiary will oversee operations at a dedicated branch, named Marsa Djibouti. Additionally, Marsa Maroc International Logistics has initiated the formation of Marsa Benin, which will take charge of operations at Terminals 1 and 5 at the Port of Cotonou in Benin. In June 2024, Marsa Maroc also acquired a contract to operate a container terminal at the Nador West Med port in Morocco, with a capacity exceeding three million TEUs, further solidifying its logistical capabilities.
This expansion is particularly significant as Marsa Maroc is actively exploring public-private partnerships within the African port management sector, demonstrating its commitment to not only strengthen its own operations but also to foster broader regional growth. Currently listed on the Casablanca Stock Exchange, the company manages nine ports throughout Morocco, including the significant Tangier Med and Casablanca ports, marking it as a key player in North Africa’s maritime operations.
The strategic movement of Marsa Maroc into Djibouti and Benin represents a notable expansion in the context of African economic development. Djibouti’s strategic location along the Gulf of Aden facilitates international trade routes, making it an attractive place for port investments. Meanwhile, Benin’s Port of Cotonou serves as a vital hub for goods entering West Africa. This geographic consideration, combined with the Moroccan government’s initiatives to enhance trade and logistics infrastructure, establishes the foundation for Marsa Maroc’s expansion efforts. Founded to optimize port administration and operations, Marsa Maroc has demonstrated a consistent commitment to enhancing maritime services across Morocco, and this new initiative marks a significant step toward extending its influence and operational reach into other African markets. The establishment of subsidiaries will not only elevate Marsa Maroc’s competitive standing but also contribute to regional economic integration.
Marsa Maroc is actively enhancing its presence in Africa by investing in Djibouti and Benin, further establishing its role in regional logistics and maritime operations. Through the inauguration of subsidiaries in these nations, the company seeks to capitalize on strategic trade opportunities and maximize its operational capabilities. This initiative underscores Marsa Maroc’s commitment to regional economic advancement and positioning as a leading port management entity across the African continent.
Original Source: fesnews.media
