Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with Free Zone Authority of Nouadhibou to support the expansion of fishery sector in Mauritania
According to the agreement, ICD and Free Zone Authority of Nouadhibou will study the establishment of institutional and operational structures in the fishing sector with the view of strengthening the storage capacity in the country.
ICD CEO Khaled Mohammed Al-Aboodi said, “This agreement is a part of a comprehensive engagement, which started back in 2013 when ICD assisted Mauritania in developing Special Economic Zone Regime in Nouadhibou and set up Free Zone Authority.”
ICD will provide institutional support to enhance organisation structure, capacity building of cadres and enhance workflow and policies for Free Zone Authority of Nouadhibou.
Simultaneously, both parties will also explore all promising investment opportunities that could be bankable for the sake of developing the fishery sector in the country, added the CEO.
Mauritanian officials estimated the potential annual catch at 525,000 tonnes, a level close to that of Senegal, which has the largest fishing industry in West Africa.