In November 2024, the media company African Business published a comprehensive report on Mauritania, highlighting the country’s economic and political developments. The report provides precise data on the key sectors driving growth and is considered one of the most significant recent references on the outlook for the Mauritanian economy, the challenges it faces, and the government's strategies to attract foreign investments and promote sustainable development.
Energy Sector: A Pillar for Attracting Investors The report emphasizes that Mauritania has considerable energy potential, making it a preferred investment destination in the gas and renewable energy sectors. The government is working to strengthen liquefied natural gas (LNG) operations as well as renewable energy projects such as solar and wind energy, reflecting a move toward energy diversification and ensuring energy security.
The "Tortue Ahmeyim Grand" Project to Stimulate Growth The "Tortue Ahmeyim Grand" (GTA) project, a partnership between Mauritania and Senegal, is one of the most important gas projects in West Africa. This project is expected to generate significant revenue for the country, thereby fostering economic growth and creating new jobs. Investments from global companies in this project testify to investors’ confidence in Mauritania’s energy sector.
Attracting Investments for the BirAllah Gas Field The report highlights the BirAllah gas field, one of the largest gas reserves discovered in Mauritania. The government is working to accelerate development and exploration operations to achieve energy self-sufficiency and attract new investments from leading international energy companies.
Ambitious Agenda for Green Hydrogen Mauritania is adopting an ambitious vision to develop the green hydrogen sector, leveraging its vast natural renewable energy resources. The report outlines the government's efforts in this area, as the country seeks to establish international partnerships to ensure the development of hydrogen-related projects and make Mauritania a global center for the production and export of this clean energy source.
Revised Investment Law to Stimulate Growth The Mauritanian government has introduced substantial reforms to the investment law to create a more attractive environment for local and international investors. These reforms address several aspects, including:
- Simplification of administrative procedures for investors
- Provision of financial and fiscal incentives
- Strengthening transparency in commercial transactions
These reforms aim to attract more capital and support the private sector as a primary driver of development.
Mining Sector Preparing for the Future The report highlights developments in the mining sector, with Mauritania being rich in minerals such as gold, iron, and copper. The report indicates that foreign investments in this sector are seeing notable growth due to government reforms aimed at:
- Improving the infrastructure supporting the mining industry
- Implementing new policies to protect the environment and ensure sustainability
- Increasing employment opportunities and driving local development in mining areas