Marsa Maroc will invest in the Damerjog oil terminal in Djibouti, according to a decree

Marsa Maroc, Morocco’s main port operator, will invest an undisclosed sum in Damerjog Oil FZE, which plans to build an oil and gas port on Djibout’s coast of the Gulf of Aden, according to a Moroccan government decree issued on Monday.

Marsa Maroc has created a subsidiary, Marsa Maroc International Logistics, which will lead a special branch called Marsa Djibouti to oversee Damerjog’s investment, according to the decree.

Marsa Maroc did not immediately respond to Reuters’ emailed request for comment.

The investment aims to strengthen Marsa Maroc’s presence in East Africa’s logistics supply chains, according to the decree.

Marsa Maroc International Logistics, which was created to manage the company’s expansion plans in Africa, also created Marsa Benin to operate terminals 1 and 5 of the port of Cotonou in Benin, according to the decree.

In June, Marsa Maroc won a contract to operate a container terminal at the port of Nador West Med in Morocco, with a capacity of more than three million twenty-foot equivalent units.

Marsa Maroc, listed in Casablanca, manages nine ports in Morocco, including Tanger Med 1 and Casablanca.