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Morocco is working hard to tackle severe water insecurity, which is affecting the countrys agricultural production and impacting its economic development.
As the UN World Water Development Report 2024 points out, "under business as usual, water scarcity alone could cost certain countries across Africa and Asia up to 6% of their gross domestic product by 2050."
One way Morocco is working on its water insecurity is through private sector development. To this end, the International Finance Corporation (FC) will loan ~$108 million to OCP Group, which works in plant nutrition solutions and phosphate-based fertilisers.The financing will help provide the company with a sustainable and reliable source of water and free up water for farmers, businesses, and consumers in Khouribga, central Morocco.
The loan will support the construction of a 219km water pipeline and pumping station. The station will transport desalinated water from OCPs existing and planned desalination plants in Jorf Lasfar on the Atlantic Ocean to their production operations in Khouribga.
Creating alternative water sources for agricultural security in Morocco
Construction on the plant has already started. Once completed, the pipeline will transport an annual capacity of 80 million cubic metres. This equals the water in just over 32,000 Olympic-sized swimming pools.
Mostafa Terrab, OOP CEO and Chairman, said they are grateful for the financial support during this time of water scarcity. The company sees the water production as a testament to its commitment to sustainable development and innovation. |
