The Moroccan government is seeking at least MAD30 billion (US$3.2 billion) of private investment to finance the first phase of the Nador West Med (NWM) project.
Based at Bettoya, about 30 kilometres from the town of Nador, the NWM site will comprise a duty-free industrial platform on a total surface of 1,500 hectares and a development zone covering about 2,500 hectares.
A consortium consisting of Morocco's SGTM, Turkey's STFA and Luxembourg's Jan De Nul (JDN) won the bid in 2015 to complete the first stage of port infrastructure.
Accommodating storage, hydrocarbons and logistics-related industries, it is expected to be operational by mid-2021.
MAD10 billion will be used for infrastructure, with MAD5 billion for superstructures.
Up to MAD5 billion will be invested in road and railway link projects, and MAD3 billion will be disbursed for maintenance and planning works.
