Nouakchott: The Spanish government has unveiled a £200 million financial package aimed at enhancing its investment footprint in Mauritania. This announcement coincided with the launch of 'Kantara,' a digital platform designed to facilitate direct engagement between economic stakeholders from both countries.
According to Emirates News Agency, this development followed the conclusion of the inaugural high-level session between Mauritania and Spain, which featured the Mauritanian-Spanish Business Council. The session saw the presence of Mohamed Ould Cheikh El Ghazouani, President of Mauritania, and Pedro S¡nchez, Prime Minister of Spain, who both endorsed various investment commitments.
S¡nchez highlighted that the £200 million package would be directed towards loans for green projects, feasibility studies, risk mitigation mechanisms, and project implementation tools, with a particular focus on energy transition. He also announced Spain's decision to appoint its first economic and trade representative in Mauritania starting from September 1st.
President El Ghazouani underscored Mauritania's diverse investment opportunities, spanning sectors such as fisheries, agriculture, livestock development, extractive industries, infrastructure, and services, including gas and mining.