Marsa Maroc Expands African Presence with New Subsidiaries in Djibouti and Benin

Marsa Maroc is expanding its African operations by creating new subsidiaries in Djibouti and Benin. The establishment of Marsa Maroc International Logistics, with MAD 300 million in capital, will manage these new ventures, focusing on petroleum logistics in Djibouti and terminal operations in Benin, further strengthening its market presence across the continent.

Marsa Maroc, Morocco’s premier port operator, is advancing its presence in Africa with the establishment of three new international subsidiaries, as authorized by government publications. The primary initiative involves forming Marsa Maroc International Logistics, with a capital of MAD 300 million ($30 million), which will oversee the company’s international investment ventures.

This entity will manage two specialized subsidiaries: Marsa Djibouti and Marsa Benin. Marsa Djibouti will invest in Damerjog Oil Jetty FZE, focusing on the development and management of a petroleum terminal within Djibouti’s free zone, aimed at facilitating logistics for petroleum products targeting the Ethiopian and Djiboutian markets.

Concurrently, Marsa Benin will oversee operations at terminals 1 and 5 of the Port of Cotonou, following a management agreement with Benin Manutentions SA. This strategic coastal position will enhance access to vital West African markets, including Nigeria, Niger, and Burkina Faso.

Building upon its robust domestic framework, Marsa Maroc currently operates 25 terminals across 11 ports in Morocco, including the critical facilities at Tanger Med 1 and Casablanca. The firm is poised for further growth with a recent agreement to operate a container terminal at Nador West Med port, projected to handle over three million twenty-foot equivalent units by mid-2026.

Furthermore, Marsa Maroc’s financial performance underscores its market strength, reflected in profits of MAD 852 million ($85.2 million) last year, signifying a 5% annual increase. Recently, the company secured MAD 690 million ($69 million) from the European Bank for Reconstruction and Development to bolster its terminal capacity, advancing its expansion pursuits.

As a state-owned enterprise with a 25% public stake and a 35% share in Tanger Med Port, Marsa Maroc remains dedicated to extending its African footprint. The establishment of the new subsidiaries, each with a capital of MAD 300,000 ($30,000), marks a crucial milestone in the company’s growth strategy throughout the continent.

“From a strategic perspective, the creation of these subsidiaries aligns with Marsa Maroc’s roadmap to become a key player in port infrastructure management and logistics services across the African continent,” according to Les Inspirations Éco. The strategy aims to diversify its portfolio while fostering collaboration with local partners.

This expansion illustrates Marsa Maroc’s ascending role in African logistics as the company actively seeks additional opportunities for growth through public-private partnerships for port management in other nations across the continent.

Marsa Maroc’s strategic expansion into Djibouti and Benin consolidates its influence in African logistics, diversifying its portfolio through international subsidiaries. The investment in key petroleum and port operations aligns with its growth trajectory and commitment to enhancing its service capacity. With secured funding and strong domestic performance, Marsa Maroc is set to play a vital role in the region’s logistics landscape.

Original Source: moroccoworldnews.com

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