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Nouakchott Hosts the Launch of the Mauritanian-Spanish Economic Forum
Strengthening Bilateral Economic Ties
The Mauritanian capital, Nouakchott, witnessed the official launch of the Mauritanian-Spanish Economic Forum, a significant event aimed at enhancing economic cooperation between the two nations. The forum brought together high-level government officials, business leaders, and investors from both Mauritania and Spain to explore new avenues for trade and investment. The event was inaugurated in the presence of Mauritania’s Prime Minister, Mohamed Ould Bilal Messoud, and Spain’s Minister of Industry, Trade and Tourism, Héctor Gómez Hernández.
This forum marks a pivotal moment in the economic relations between the two countries, as it seeks to build on existing partnerships and open new channels for collaboration. The event was organized by the Mauritanian Ministry of Economic Affairs and Promotion of Productive Sectors in coordination with the Spanish Embassy in Nouakchott and the Spanish Chamber of Commerce.
Key Areas of Cooperation and Investment
During the forum, both sides emphasized the importance of diversifying economic cooperation beyond traditional sectors. Discussions focused on identifying strategic sectors where Spanish expertise and Mauritanian potential could align to create mutual benefits. These sectors include:
- Renewable energy, particularly solar and wind power
- Fisheries and marine resources
- Infrastructure development and public works
- Agriculture and food processing
- Tourism and cultural exchange
Spanish companies expressed strong interest in investing in Mauritania’s growing economy, especially in light of the country’s strategic location and its untapped natural resources. Mauritanian officials, in turn, highlighted the government’s commitment to improving the business climate and providing incentives for foreign investors.
Commitment to Sustainable Development and Economic Growth
The forum also served as a platform to discuss sustainable development goals and how economic cooperation can contribute to inclusive growth. Both countries reaffirmed their commitment to promoting environmentally responsible investments and supporting projects that create jobs and foster innovation.
In his address, Prime Minister Ould Bilal Messoud emphasized the importance of such forums in building trust and long-term partnerships. He noted that Mauritania is undergoing significant economic reforms aimed at enhancing transparency, governance, and infrastructure, all of which are essential for attracting foreign investment.
Conclusion: A New Chapter in Mauritanian-Spanish Relations
The Mauritanian-Spanish Economic Forum in Nouakchott represents a new chapter in the bilateral relations between the two countries. By bringing together key stakeholders from both public and private sectors, the forum laid the groundwork for future cooperation that is both strategic and sustainable. With shared interests in economic development and regional stability, Mauritania and Spain are poised to deepen their partnership in the years to come.
As the forum concluded, participants expressed optimism about the outcomes and pledged to continue dialogue and collaboration. The event not only highlighted the potential for economic synergy but also underscored the importance of international cooperation in achieving shared prosperity.
