Economy

European Bank for Reconstruction and Development Awards €2.1 Million Grant to Support Development of Nador West Med

European Bank for Reconstruction and Development Partners with Nador West Med for Major Development Grant

On Friday in Rabat, the European Bank for Reconstruction and Development (EBRD) and Nador West Med – Bétoya Industrial and Logistics Zone signed an agreement for a grant of €2.1 million aimed at supporting the development of the Nador West Med port and industrial complex as an attractive, dynamic, and sustainable economic zone.

The agreement was signed by the director of EBRD in Morocco, Heitham Eissa, and the general director of Nador West Med, Mohammed Jamal Benjelloun. Its purpose is to finance a technical cooperation program designed to prepare for the operational phase of the port and industrial complex.

According to a statement from the EBRD, this program complements a €120 million financing package granted in 2025 for the Nador West Med project. The key goals include the digitalization of management and operations, the integration of resilient infrastructures and sustainable energy solutions, as well as the enhancement of institutional and operational capacities of the managing entity, in line with international standards.

A major focus of the program is to accelerate the digitalization of the Bétoya industrial and logistics zone through the establishment of a fully automated one-stop shop. This initiative aims to simplify procedures for investors and enhance the site’s attractiveness to both national and international operators.

Additionally, a specific mission will focus on developing a master plan for sustainable infrastructure that incorporates climate-adapted solutions from the planning phase to address long-term challenges.

The program also plans to support the development of technical, managerial, and multidisciplinary skills among the human resources of Nador West Med, ensuring optimal launch and operation of the port complex and surrounding activity zones.

In the announcement, Heitham Eissa highlighted that this program exemplifies the EBRD’s commitment to regional development and the enhancement of Morocco’s economic competitiveness. He added that Nador West Med is poised to become a benchmark industrial and logistics hub, driving foreign direct investment, job creation, and inclusive regional growth.

Morocco, a founding member of the EBRD, became an operational country in 2012. To date, the bank has invested nearly €6 billion in 125 projects across the nation.

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