Sheet n°2-1/2 - Gracilaria seaweed farm

Description Market indicators

Farm dedicated to the cultivation of the Gracilaria seaweed on
Target market(s) Target
: market: Local vs Export vs National
floating lines.
Main customers : Food industry Target market(s), (from highest to lowest priority) to be addressed :
Branch and sub-branch: Aquaculture/Algoculture + National (including local) : For the local and national market

-
Complexity -3,33 2,56 HS Code2 : 1212 Market size and development
of the product1
-1,88
Marine aquaculture production in Growth projection of marine
Key facts Morocco aquaculture production in Morocco
In t In t 4
Important potential of aquaculture in Morocco with:
• ANDA's development plan revealed a significant potential of ~380k tonnes 900 3 842
+19%+19%p.a
• As well as setting up development plans at national level covering half of the 750 +40%+40%p.a.
Moroccan coastline (~1700 km) 2 744
620
510
450 1 960
1 400
Prerequisites (3) 1 000

2015 2016 2017 2018 2019 2023 2024 2025 2026 2027

(1) Product Complexity Index: Diversity and sophistication of the know-how required to produce a product. The PCI is calculated according to the number of countries that produce the product and the economic complexity of
these countries. The most complex products, those that only a few countries can produce, have the highest PCI (e.g. electronics, chemicals) vs. the least complex products (e.g. raw materials, agricultural products)
(2) HS Code: Trade map: Locust beans, seaweeds and other algae, sugar beet and sugar cane, fresh, chilled, frozen or dried 28
(3) Screening: Press article
 Sheet n°2-2/2 - Gracilaria seaweed farm

Financial indicators (indicative) : Investment elements

Potential land
Potential investment 90-100 Mns MAD

Priority provinces
Turnover 40 Mns Mad
Boujdour Tarfaya
Estimated selling price 6 MAD/kg
Type of land Area
ROI -%
Private domain of the 150 ha
State
EBITDA (as % of sales) 1% Average land price Mode of mobilisation

Jobs Unified Regional Investment Unified Regional Investment

150-200 Commission (CRUI) Commission (CRUI)

Human resources Raw materials and suppliers Main investment benefits

Grant Investment Charter, Morocco SME "creativity and

HR skills needed Main inputs co-development" programme
Support for training TAEHIL", "IDMAJ" programme
• Knowledge of algae • Gracilaria seaweed
• Design and engineering of cropping • Table, nets, baskets Other Tahfiz", "Nawat" programme
systems
• Knowledge of equipment Contacts
Training offers Main suppliers

• Aquaculture sector, CMC Laâyoune • Local fishermen Full name : Telephone : 0661389782
• Equipment suppliers (e.g. Babili pêche Mohamed Lamine Mbirkat E-mail : mbirkat@gmail.com
Dakhla Sopec in Agadir)

29
Source: Interviews and expert opinion