Marsa Maroc is enhancing its African presence by establishing subsidiaries in Djibouti and Benin, investing in oil and gas port operations in Djibouti while managing terminals in Benin. The move reflects the company’s strategic goal to strengthen logistics in East Africa, following its recent contract for a significant container terminal in Morocco. The expansion signals an aggressive approach towards enhancing its port management capabilities across the continent.
Marsa Maroc, the Moroccan port management operator, is expanding its footprint in Africa with the establishment of new subsidiaries in Djibouti and Benin. This strategic move involves an investment in Damerjog Oil FZE, tasked with the construction of an oil and gas port along the Gulf of Aden in Djibouti, as stipulated in a Moroccan government decree dated January 6. To facilitate these operations, Marsa Maroc has founded Marsa Maroc International Logistics, which will manage an entity named Marsa Djibouti, thus enhancing its logistics capabilities in East Africa.
In addition to the Djibouti project, the new subsidiary has also prompted the creation of Marsa Benin, responsible for overseeing Terminals 1 and 5 at the Port of Cotonou. Furthermore, in June 2024, Marsa Maroc secured a contract to operate a container terminal at the Nador West Med port in Morocco, boasting a capacity of over three million TEUs. Currently listed on the Casablanca Stock Exchange, Marsa Maroc manages nine significant ports in Morocco, including Tangier Med and Casablanca, and is actively exploring further expansion opportunities, particularly through public-private partnerships to manage ports in various African nations.
Marsa Maroc is a leading operator in the Moroccan port sector, established to enhance maritime trade and logistics within the region. As Africa’s trade dynamics evolve, there is an increasing demand for reliable port operations and logistics solutions. By establishing subsidiaries in strategically important locations such as Djibouti and Benin, Marsa Maroc aims to capitalize on growing trade flows in East and West Africa, thereby strengthening its role in the continental supply chain. Additionally, its recent expansion into public-private partnerships signals a proactive approach towards broader operational management across the African continent.
In conclusion, Marsa Maroc’s establishment of subsidiaries in Djibouti and Benin represents a significant expansion into the African market, enhancing its logistics framework and operational capabilities. By investing in key port infrastructure and forming new partnerships, Marsa Maroc is positioning itself as a crucial player in the African maritime sector, which is essential for fostering regional trade and economic growth. The company’s vision for growth underscores its commitment to infrastructure development across the continent.
Original Source: fesnews.media
