Home / News / Delegation of British investors exploring opportunities in Dakhla, investment projects amounting to over 100 billion US dollars

Delegation of British investors exploring opportunities in Dakhla, investment projects amounting to over 100 billion US dollars


 This visit follows a meeting held at the Moroccan Embassy London last week, attended byMr. Mark SPENCER, Minister of State for Food, Agriculture, and Fisheries of the British Government, Mr.Hakim Hajoui, the Moroccan Ambassador to the United Kingdom, and Mr. Chakib ALJ, President of the General Confederation of Moroccan Enterprises.

Presided over by Mr. Brannan TEMPEST, CEO of the Oblin Group, founder, and visionary of the two proposed Oblin Greengiga projects in the southern provinces of the Moroccan Sahara, namely Dakhla and Laayoune to be built by OblinCEA a world class Solar PV and wind Turbine engineering procurement and construction company (EPC) with Mr Kevin Fisher as CEO at the helm backed up by Steven Walker and David Smith on Project Management, the British delegation’s visit aims to gather information about the main strategic projects in the Dakhla-Oued Eddahab region, especially those included in the new development model for the Southern provinces. It also seeks to highlight the region’s development momentum and progress on all levels as the “Pearl of theSouth.”

The British Delegation began its visit with a meeting with Mr. Lamine Benomar, the Wali(Governor) of the Dakhla-Oued Eddahab region and Governor of the Oued Eddahab province. During this meeting, the focus was on the region’s development in various fields under the new development model for the Southern provinces, which required an investment of 77 billion Dirhams (7,7 Billion Dollars US).

Subsequently, the British delegation held a meeting with Mr. Yanja El khatat, President of the Regional Council of Dakhla-Oued Eddahab. He presented the major achievements in the region through projects included in the new development model for the Southern provinces. The Regional Council of Dakhla-Oued Eddahab has adopted an ambitious regional development program covering the period 2022-2027, with a total budget of 4.36 billion Dirhams(436 Million Dollars US).

Within this frame work, the British investors attended a presentation by Mr. Mounir Houari, the General Director of the Regional Investment Center (CRI), where he detailed, with supporting figures, the main productive sectors of the region (maritime fishing, agriculture, tourism, renewable energy to green transportable molecules, such as Green Hydrogen andGreen Ammonia).

In a statement to the press, Mr. Brannan Tempest, CEO of the Oblin Group of companies, mentioned that this visit allowed the British delegation to become further acquainted with the investment potential and productive sectors int he Dakhla-Oued Eddahab region.

Following this, the delegation members visited a local industrial unit specialized in the preservation of pelagic fish (sardines, tunas, etc.), followed by a visit to the handicraft complex and a couscous cooperative.

During their stay in Dakhla, which will continue until Wednesday, the British investors will conduct an on-site visit to assess the progress of the construction of the Atlantic Port of Dakhla.

In 2022, following the adoption of the Morocco-United Kingdom Association Agreement, the trade exchanges between the two countries reached 3 billion pounds sterling, representing an increase of 49.8% compared to the previous year.

Note that Mr. Brannan TEMPEST, the head of the British delegation and the founder and visionary of the Oblin Green project, has identified Dakhla and Laayoune as ideal locations to set up market-leading solar panel manufacturing factories, along with a solar and wind power plant, at a total cost of 100 billion dollars. With the possibility of expanding large-scale renewable energy production, this would be used to produce green hydrogen and green liquid ammonia, utilizing the availability of raw materials, and increasing access to local jobs and overall well-being.

This choice is driven by Morocco’s long-term vision for substantial green energy production capacities and impressive modern infrastructure. Morocco has all the conditions to become the world’s first industrial economy fully powered by green and renewable energies, a leader in solar and wind technology production, and a global hub for the production and export of green hydrogen and liquid green ammonia.

The project is expected to employ a workforce of around 5,000 jobs, of which 85% will be filled by Moroccans. This will mean a significant number of new students in renewable energy will attend the new university facilities in Dakhla for courses lasting 3 to 6 months.

About Gladys Johnson

Gladys Johnson The Publisher/Editor-In-Chief Global Business Drive Phone: +13465619347 Email: info@globalbusinessdrive.com gladysjohnsonmedia@gmail.com gladys@globalbusinessdrive.com globalbusinessdrive@gmail.com

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