Moroccan government invests $510 million in modern port project
The Moroccan government has set aside $510 million for the Kenitra Atlantic port project as it seeks to modernize operations at the port.
The project is estimated at $817 million with $817 million to be devoted primarily to the harbor protection works and first RORO terminals. The remaining $306 million is allocated for the development of other port terminals.
Kenitra’s oldest port was shut down in May 2013. Two years later King Muhammed VI called for the acceleration of the new port’s construction to coincide with the arrival of the PSA group to the region.
The new port is located in the Oulad Ben Assal zone, which is 24 km north of river Sbou’s mouth. The choice of such a location is strategic; its proximity to the long coastline, its location along the railway line and future accessibility to any expansions thanks to the sufficient land surrounding the project.
The project hopes to create a new port close to traffic in and out of the hinterland stretching from the Gharb region to the far East while relieving current pressure on the Casablanca port with a gradual transfer of bulk trade and creating new opportunities for companies working on construction, ship repairing and automotive manufacturing.
