Transport Infrastructure
Marsa Maroc to purchase Djibouti's Damerjog petroleum terminal, decree states
Morocco's top port operator Marsa Maroc will invest a concealed amount in Damerjog Oil FZE, which is planning to develop an oil and gas port on Djibouti's Gulf of Aden coast, according to a Moroccan government decree seen on Monday. Marsa Maroc has actually created a subsidiary, Marsa Maroc International Logistics, which will run a special offshoot called Marsa Djibouti to manage the Damerjog financial investment, according to the decree. Marsa Maroc did not right away respond to Reuters' emailed request for remark. The financial investment aims to increase Marsa Maroc's existence in east Africa's logistical supply chains, according to...