Marsa Maroc is expanding its African presence by establishing subsidiaries in Djibouti and Benin, investing in oil and gas port development, and creating Marsa Djibouti and Marsa Benin. The company recently secured a contract for a container terminal in Morocco and seeks further growth through public-private partnerships.
Marsa Maroc, a prominent Moroccan port management company, is set to expand its footprint in Africa by establishing new subsidiaries in Djibouti and Benin. The firm plans to invest an undisclosed sum into Damerjog Oil FZE, which is tasked with developing an oil and gas port along the Gulf of Aden. To facilitate these operations, Marsa Maroc has formed a subsidiary named Marsa Maroc International Logistics, which will manage a dedicated entity, Marsa Djibouti. This initiative underscores the company’s intent to enhance its logistics presence in East Africa. Furthermore, Marsa Maroc International Logistics has played a pivotal role in the establishment of Marsa Benin, which will oversee the operations at Terminals 1 and 5 in the Port of Cotonou, Benin.
In addition to its ambitious plans in Djibouti and Benin, Marsa Maroc has secured a contract for the operation of a container terminal at the Nador West Med port within Morocco. This terminal boasts a capacity exceeding three million TEUs. As a publicly traded entity on the Casablanca Stock Exchange, Marsa Maroc currently manages nine ports in Morocco, including significant facilities in Tangier Med and Casablanca. The group is proactively seeking further expansion opportunities, particularly through public-private partnerships aimed at enhancing port management in other African nations.
Marsa Maroc serves as a vital player in Morocco’s maritime infrastructure, operating multiple ports and facilitating significant trade activities. With a strategic focus on expanding into sub-Saharan Africa, the company recognizes the importance of enhancing its logistics services and port operations to cater to the growing demand in these regions. The initiatives in Djibouti and Benin represent not only a geographical expansion but also an important step in integrating Marsa Maroc’s operations within the broader African logistics chain, capitalizing on the continent’s burgeoning economic opportunities.
Marsa Maroc’s establishment of subsidiaries in Djibouti and Benin marks a strategic expansion into East and West Africa, aimed at strengthening its logistics capabilities. Through investments in Damerjog Oil FZE and the development of Marsa Djibouti and Marsa Benin, the company is positioning itself to leverage new markets and opportunities. This expansion complements its existing operations in Morocco, as Marsa Maroc continues to explore potential partnerships to enhance its role in Africa’s growing port management sector.
Original Source: fesnews.media
