First Independent Mena Newspaper
Morocco is preparing to launch a tender this summer to build a floating regasification unit in the port of Nador West Med, an energy ministry official said. A financial close is expected in 2025, with construction and entry into service seen in 2026, the official in charge of oil and gas at the ministry was […]
The African Development Bank Group has approved an additional financing of €57 million for Morocco to help finance the ongoing construction of the Nador West Med port complex. This financing completes a first funding of nearly €113 million, granted by the Bank in 2015, said AfDB in a press release, published on the sidelines of […]
The European Bank for Reconstruction and Development (EBRD) has announced a €200 million loan to state-owned “Société Nador West MED” to enable it finance the basic infrastructure for a new port on the Mediterranean coast of Morocco in the city of Nador. The development of the port is a major boost for eastern Morocco and […]