Morocco–EU trade reaches historic peak in 2024
Trade between Morocco and the European Union soared to a record-breaking $65 billion in 2024, according to an announcement from
The World Bank has approved $82.5 million for Mauritania’s DREAM project to strengthen energy infrastructure and mineral resource development, according to regional and trade media. The initiative will expand battery storage, improve renewable energy integration, and support the Green Hydrogen Code, which establishes legal and environmental frameworks to attract investment.
A key component is Mauritania’s first large-scale battery storage facility, designed to maximize solar and wind energy use for greater grid reliability. The project aligns with the country’s goal of universal electricity access by 2030 under its Energy Charter 300 strategy.
International partners—including the International Finance Corporation (IFC), Germany’s development agency GIZ, the EU, and the UN Development Programme—will support implementation. By enhancing energy security and creating jobs, the DREAM project aims to position Mauritania as a leader in sustainable energy while strengthening its mineral sector to drive economic growth.
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