EBRD supports development of economic zone within Nador West Med industrial port with €110 Mln funding

The European Bank for Reconstruction and Development (EBRD) has announced a loan of €110 million to support the development of an economic zone within the Nador West Med industrial port complex, located in Morocco’s Oriental region.

This is the Bank’s third investment in the Nador West Med complex, following the provision of financing in 2015 and 2022. The loan is complemented by three investment grants: €5 million from EBRD; $3 million (€2.8 million) from the United Kingdom and $2.5 million from the Global Environment Facility (GEF).

This financing package will support land development work for industrial and logistics platforms within the economic zone adjacent to Nador West Med port, as well as helping to finance an on-site desalination plant, two wastewater treatment plants and energy-efficient street lighting.

The funding will promote the use of sustainable water management solutions and energy-saving technologies for the economic zone’s public lighting, contributing to the climate resilience of the zone.

The development of an economic zone at the Nador West Med industrial port complex is expected to unlock the economic potential of the Oriental region, attracting foreign direct investment, boosting private-sector development and creating employment opportunities for the local population.