Morocco Has All It Needs to Become a Major Aquaculture Playe...| MENAFN.COM

Monday, 17 January 2022 11:27 GMT

Morocco Has All It Needs to Become a Major Aquaculture Player

(MENAFN- Morocco World News) Rabat – needs to take advantage of its 3,500 kilometers of marine coast to create a real industry, says , Secretary of state for .

For Bouaida, although the aquaculture industry is a new domain for Morocco, the country will succeed in this plan by exploiting the assets it already has, reported Maghreb Arab Press (MAP).

Bouaida said in a speech read in her name by Majida Maarouf, the director of the National Agency for the Development of Aquaculture (ANDA), at the 15th Europe-North Africa Convention in Bordeaux, France, that Morocco's vision for this field is "to make it an indisputable growth engine that can forge a true blue economy."

Benaida believes that Morocco not only has the natural resource requirements to make this plan successful, but also multiple competitive advantages, including the quality of its human capital, its geography as a hub between, Africa and Europe, and its logistical infrastructure.

Morocco is the of fish in the world, with a fish production of approximately 1.5 million tons, worth more than USD 1 billion.

The country gained this ranking owing to its two maritime facades on both the Atlantic Ocean and the Mediterranean, a coast that extends over 3,500 kilometers, and its 1.2 million square kilometers of coastal areas that are notably rich in fish.

accounts for 58 percent of Morocco's agro-food exports and 7 percent of its total exports. In 2015, the sector generated USD 1.59 billion in exports, according to the National Fisheries Office. And with a total catch exceeding 1 Million T, the fisheries sector accounts for 2-3 percent of Morocco's GDP and generates 700,000 direct and indirect jobs.

This industry can turn Morocco into a state rich in ecological diversity and can make a model of harmonious growth and a responsible and integrated economy, according to Bouaida's note.

The official also endorsed the privileged and intense partnership with France in several areas, especially in the field of agriculture and fisheries, which for her needs to be more reinforced in order to face the new challenges of globalization.

The 15th Europe-North Africa Convention was attended by more than 120 companies and economic entrepreneurships, including Mauritania, Tunisia, and Algeria. The convention aims to find solutions for economic projects in France and the Maghreb and to create business platforms based on professionalism and knowledge exchange.


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