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New Investments
OCP, IFC Launch €100 Million Initiative to Combat Water Scarcity, Boost Food Security in Africa
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The project involves the construction of a 219-kilometer pipeline that will transport desalinated water from the Atlantic coast to central Morocco.
This initiative aims to ensure a sustainable water supply for both OCP’s operations and local communities.
OCP’s Chairman and CEO, Mostafa Terrab, highlighted the project’s significance, stating:
“This is a testament to OCP’s commitment to sustainable development and innovation. By securing a reliable source of desalinated water, we are not only enabling the continued growth of our operations but also providing essential resources to local communities.”
The project aligns with OCP’s broader goal of relying entirely on non-conventional water sources and powering its operations with renewable energy.
By 2030, the pipeline is expected to be powered exclusively by renewable energy.
Beyond this initiative, OCP has been actively involved in combating food insecurity and supporting local farmers across Africa.
The group’s efforts include donating fertilizers, providing agronomic support, and improving soil health.
Morocco has been grappling with severe droughts in recent years, leading to water shortages that have impacted both agricultural and industrial sectors.
King Mohammed VI recently emphasized the urgent need to address the country’s water crisis and implement sustainable solutions for water resource management.
The OCP-IFC partnership is a significant step towards addressing these challenges and ensuring long-term water security in Morocco and the broader African region.
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