Abu Dhabi to finance Dhs24 million Mauritania fishing port project

Abu Dhabi to finance Dhs24 million Mauritania fishing port project

Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding with the Government of Mauritania to finance a major refurbishment and modernisation project valued at around Dhs24 million ($6.5 million) for the Tanit Fishing Port. This is an artisanal fishing port that through this renovation and development of an ice factory will better enable local fishermen to benefit from the country’s fisheries economy, increase export capacity and contribute to the nation’s food security strategy. The project also aims to increase operational efficiency and improve services for fishermen and providing cooled storage spaces and fish processing service, enabling them to better benefit from the fish-rich coasts of Mauritania. Mohamed Saif Al Suwaidi, Director-General of ADFD and Ousmane Mamoudou Kane, Minister of Economic Affairs and Promotion of Productive Sectors in Mauritania, signed the MoU at ADFD in presence of several senior officials from both sides. Al Suwaidi said, “ADFD and Mauritania have partnered to support the financing of a wide range of high-impact economic and social development projects going back to 1977. The modernisation of the Tanit Fishing Port represents an opportunity to directly impact the livelihoods of local fishing families while contributing to national economic growth and a number