The European Bank for Reconstruction and Development (BERD) has just granted a loan of 110 million euros (around 1.2 billion DH) for the development of an economic zone within Nador West Med. This financing represents the third support of the bank for the harbor complex after the financing was granted in 2015 and 2022 for the construction of the port.
This performance loan of a sovereign guarantee is accompanied by investment grants of 5 million euros from the Berd in Bétoya Industric and Logistic Zone (Bilz), 3 million US (ENVITECC).
According to the European institution, both the loan and the mobilized subsidies will enable the development of the industrial and logistical platforms of the economic zone next to the port, the construction of a desalination station on site as well as two wastewater treatment stations (step) and finally the installation of public lighting in energy lighting. This financing will promote the use of sustainable water management solutions and energy -efficient technologies for public lighting in the region and thus contribute to the development of an economic area that is refuted to climate change. This project for economic zones will thus increase the oriental region by attracting the FDI, the private sector and the promotion of employment opportunities for the local population.
The structure of the project also includes a technical cooperation package to support the Bilz digitalization efforts thanks to the development of a fully automated One -stop shop for future investors in the business zone. The program for technical cooperation also includes support for the development of a sustainable infrastructure plan and a capacity construction program for the Nador West Med Complex.
