Marsa Maroc is expanding its presence in Africa with new subsidiaries in Djibouti and Benin, investing in Damerjog Oil FZE for an oil and gas port in Djibouti, while also establishing Marsa Benin for operations at the Port of Cotonou. The company has also secured a contract for a container terminal at Nador West Med port in Morocco and is exploring further opportunities in African port management.
Marsa Maroc, the Moroccan port management entity, is significantly amplifying its footprint across Africa with the establishment of new subsidiaries in Djibouti and Benin. Following a governmental decree published on January 6, the company is set to invest in Damerjog Oil FZE, which focuses on the construction of an oil and gas port adjacent to the Gulf of Aden in Djibouti.
To effectively manage this ambitious initiative, Marsa Maroc has instituted a new subsidiary, Marsa Maroc International Logistics, tasked with overseeing operations through a dedicated entity named Marsa Djibouti. This strategic project is in line with Marsa Maroc’s mission to enhance its logistics capabilities within the East African region. Additionally, this initiative has led to the formation of Marsa Benin, which will oversee operations at Terminals 1 and 5 in the Port of Cotonou, Benin.
In an expansion of its operations that took place earlier, Marsa Maroc secured a contract in June 2024 to operate a container terminal at the Nador West Med port in Morocco, boasting a capacity that exceeds three million twenty-foot equivalent units (TEUs). Listed on the Casablanca Stock Exchange, the organization currently manages nine major ports in Morocco, including the prominent Tangier Med and Casablanca ports.
As part of its continued growth strategy, the Marsa Maroc group is actively exploring additional expansion opportunities, particularly through public-private partnerships aimed at operating ports in other African nations.
Marsa Maroc’s expansion strategy reflects the increasing significance of African markets in global trade and logistics. The establishment of subsidiaries in Djibouti and Benin not only strengthens its operational capabilities but also taps into the growing demand for effective port management and logistics services in East and West Africa. Djibouti’s strategic location along key maritime routes supports the establishment of oil and gas ventures, while Benin’s Port of Cotonou serves as a vital hub in regional trade. Through its subsidiaries, Marsa Maroc aims to enhance logistical integration and improve operational efficiencies across the continent.
In summary, Marsa Maroc is poised to enhance its presence in Africa significantly through new investments and the establishment of subsidiaries in Djibouti and Benin. These initiatives underscore the company’s commitment to optimizing logistics and port management across the continent. By strategically positioning itself to tap into emerging markets and expanding its operational capabilities, Marsa Maroc is well-equipped to meet the growing demands of the African logistics sector.
Original Source: fesnews.media
