Wednesday 17 October 2018

Morocco plans $268m agri spend over 4 years

RABAT, August 15, 2017

Morocco has allocated MAD2.6 billion ($268 million) to develop 92 agricultural projects in the Laâyoune-Sakia El Hamra region over the period 2016-2020, a report said.

The investment is based on generating agricultural products with high added value, solidarity farming, and the development of water resources in the region, reported Morocco World News, citing the General Directorate of Agriculture of Laâyoune.

The directorate noted that these 92 projects are divided into two sections. The first, which comprises 49 projects, aims to develop high value-added agricultural products with the support of the local private sector, with an allocated budget of MAD 440 million, according to the Maghreb Arab Press (MAP).

The second section consists of33 projects, including setting up solidarity-based agriculture and to help small-scale breeders. The project aims to build 19 units of milk, local products, and red meats production with a budget of MAD1.4 billion, the report said.

The project also aims to erect 292 water points for live stock watering and the establishment of irrigation circles dedicated to forage production on a surface of 125 hectares.

MAD840 million will be invested in 10 projects for the development of agricultural land, according to the report.

Tags: Morocco | agriculture projects |

calendarCalendar of Events