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Morocco advances plans to become a regional leader in aquaculture
Morocco is steadily positioning itself as a future leader in aquaculture across the region, leveraging strong political will, strategic investments, and a forward-looking vision for the blue economy, according to a recent World Bank report.
The international financial institution praised Morocco’s progress in the sector, emphasizing how the country is transforming its marine resources into a sustainable source of economic growth and resilience. The report, titled “Morocco’s Blue Future: Aquaculture for Growth and Employment,” highlighted Morocco’s remarkable potential and its ambitious goals for the next decade.
Unlocking vast untapped potential
Morocco’s aquaculture industry currently produces just 3,600 tons annually, far below its capacity. However, the government has set ambitious targets to produce 300,000 tons annually and generate 30,000 jobs within the next 10 years.
The country’s extensive coastline, rich ecosystems, and the growing global demand for sustainable seafood provide an ideal foundation to drive innovation and economic growth through marine aquaculture.
Key reforms propel progress
Morocco has implemented a series of structural reforms to ensure the aquaculture sector’s success. The government has identified suitable aquaculture zones, modernized its regulatory framework, and improved trade networks. These measures enable Moroccan seafood producers to access international markets more efficiently.
The report revealed that Morocco now has 322 licensed aquaculture farms with a combined annual capacity exceeding 124,000 tons. This level of progress underscores the government’s commitment to aligning economic development with environmental sustainability.
World Bank’s continued support
The World Bank has pledged ongoing support to Morocco, aligning its programs with the country’s blue economy strategy. Ahmadou Moustapha Ndiaye, the World Bank’s Maghreb division director, affirmed the institution’s readiness to assist Morocco and its National Agency for Aquaculture Development in making aquaculture a national priority.
The World Bank’s involvement includes simplifying regulations, mitigating investment risks, and mobilizing funding through the International Finance Corporation (IFC) to encourage private sector investment. Additionally, the World Bank has allocated $350 million for a climate-resilient blue economy initiative in Morocco, supplemented by $5 million from the PROBLUE trust fund.
As Morocco moves forward, its aquaculture sector is set to play a pivotal role in strengthening the national economy, fostering innovation, and ensuring sustainable development for future generations.