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Description

Trade mission to Mauritania: 26-30 October 2014

NABC is very pleased to inform you about our trade mission to Mauritania! In cooperation with the Dutch Embassy in Senegal, also accredited for Mauritania, this mission is organised from 26-30 October. As Mauritania offers plenty of opportunities in different sectors, this mission will focus on Fishery, Agriculture, Mining and the Maritime sector. However, companies from other sectors are also more than welcome to join the trade mission. NABC will ensure that entrepreneurs from all sectors will be served accordingly.

The aim of this mission is to connect Dutch companies and banks with their Mauritanian (and international) counterparts, from both the public (government authorities) and private sector (companies, cooperation’s). Therefore your company will be introduced to Mauritania, its business climate and opportunities. This will help you to expand your network and businesses in Mauritania. The mission will kick off with a business seminar “Doing business in Mauritania” followed by a matchmaking session. The next day, company and government visits will be arranged for you, based on your objectives and demands. 

Preliminary Program: PDF

Programme

Please click here to view the preliminary programme.

Practical information

Practical Information & costs

Dates:                    26-30 October, 2014 

Location:                Mauritania (Nouadhibou & Nouakchott)

 

Costs NABC members - Participation fee: EUR 1000,- ex. VAT 

Costs NON NABC members: participation fee: EUR 1500,- ex. VAT 

 

 

Contact information:

Quirine de Graaf quirine.degraaf@nabc.nl

Marina Diboma  marina.diboma@nabc.nl

Factsheet

Mauritania

Mauritania, officially the Islamic Republic of Mauritania, is located in the Maghreb Region of western North Africa. The country is bordering the North Atlantic Ocean between Senegal and Western Sahara. The population is approximately 3,5 million inhabitants and the capital city is named Nouakchott. With an area of 1,030,700 sq km Mauritania is almost twenty-five times the area of The Netherlands. The country gained independence in the 1960’s. Its physical geography mostly consists of desert (90%), with the exception of the fertile Senegal River valley in the south and grazing land in the north.

Economy of Mauritania

Mauritania’s economy depends largely on fisheries, mining and petrol. Iron ore is one of the main natural resources of Mauritania and also the country’s main export. Mauritania has had a high growth rate since 2010, estimated at 6.4% in 2013. The main drivers of growth were petrol, mining and fisheries, and particularly construction and public works. Both sectors have recorded increases in volume in 2012 of 39.6% and 23.3% respectively. Fisheries is also doing well, with growth of 14.8%, it accounts for about 10 percent of Mauritania’s gross domestic product and up to 50 percent of its export earnings. The fishing sector is mainly exploited by European and Asian fishing companies. With growth of over 6.4% in 2013, a stable fiscal policy and inflation under control, Mauritania is enjoying favourable macroeconomic conditions, welcomed by the IMF.

 

Business Opportunities

Mauritania is an excellent place for starting a profitable business venture.  The biggest foreign exchange earner of the African nation is its mining and petrol industry. The Government continues to grant licenses to foreign companies for mineral research and exploration (gold, iron, copper). The fish industry also makes a viable business proposition in Mauritania. The reserves of fishes are estimated at 1.5 million tons of fish per year among which only about 700,000 tons is harvested per year. In the coastal city Nouadhibou a Special Economic Zone has been created. Furthermore the country has a huge agricultural potential (potatoes, onions, milk powder) with rain-fed crop-growing areas concentrated in the South, of the country, along the Senegal River which forms the border with Senegal and Mali.

The Netherlands export credit facility Atradius is open for Mauritania and the Mauritanian private sector also qualifies for loans from the Netherlands Entrepreneurial Development Bank FMO.

Also interesting to know, Mauritania’s foreign currency will be managed by the World Bank per 1 May 2014.  

 

Country Facts

Population                           : 3,516,806 (July 2013 est.)

GDP Growth rate                : 6.4% (2013 est.)

Languages                          : Arabic ( official language), Pulaar, Soninke, Wolof (national languages) & French

 

Trade mission details

Mauritania
From October 26, 2014
Till October 30, 2014
MultiSector
Outgoing
Nouadhibou & Nouakchott, Mauritania
quirine.degraaf@nabc.nl
+31 (0)70 3043618