Marsa Maroc Expands African Operations with New Ventures in Djibouti and Benin
Marsa Maroc is expanding its African presence by establishing subsidiaries in Djibouti and Benin, investing in oil and gas port development in Djibouti and managing terminals in Benin. The new ventures align with its strategic goals to enhance logistics operations across East Africa. The group is also exploring public-private partnerships for further port management opportunities in Africa.
Marsa Maroc, the Moroccan port management operator, is enhancing its footprint across Africa by launching two new subsidiaries in Djibouti and Benin. This expansion includes an undisclosed investment in Damerjog Oil FZE, which is tasked with developing an oil and gas port along the Gulf of Aden in Djibouti. To streamline these operations, Marsa Maroc has established Marsa Maroc International Logistics, which will manage the newly formed entity Marsa Djibouti. This initiative is part of Marsa Maroc’s strategy to bolster its logistics activities in East Africa.
Additionally, the creation of Marsa Benin will oversee operations at Terminals 1 and 5 of the Port of Cotonou in Benin. Earlier, in June 2024, Marsa Maroc secured the rights to operate a container terminal at the Nador West Med port in Morocco, which has a handling capacity of over three million TEUs. As a publicly traded entity on the Casablanca Stock Exchange, Marsa Maroc manages nine ports across Morocco, including the significant Tangier Med and Casablanca ports. Furthermore, the Marsa Maroc group is actively seeking growth opportunities, particularly public-private partnerships for managing additional ports within other African nations.
The maritime and logistics sector in Africa stands as a pivotal component for economic development and trade facilitation. In this context, Marsa Maroc’s decision to invest in Djibouti and Benin aligns with its strategic objective to capitalize on the growing demand for improved port services and connectivity within the continent. Djibouti’s strategic location along one of the world’s busiest maritime corridors offers substantial prospects for oil and gas logistics, while Benin’s ports serve as critical hubs for regional trade. Marsa Maroc’s expansion is indicative of the broader trend where regional operators seek to extend their reach and capabilities beyond national borders in response to evolving market dynamics.
Marsa Maroc is taking significant steps to strengthen its presence in the African logistics market through its investments in Djibouti and Benin. By establishing new subsidiaries and investing in critical port infrastructure, the company is poised to enhance its operational capabilities and expand its influence in East and West Africa. As it continues to explore new growth avenues, Marsa Maroc underscores the importance of public-private partnerships in the port management sector, promising more opportunities for regional collaboration and economic development.
Original Source: fesnews.media
