JICA Loans Morocco 467 mln MAD to Build Oceanography and Fishery Research Ship
Rabat, 16/01/2017 (MAP) – The Japanese International Cooperation Agency (JICA) granted Morocco a loan totaling 5.371 bn yens (467 million dirhams) to build an Oceanography and Fishery Research Ship.
Inked, on Monday in Rabat, by economy minister Mohamed Boussaid, director of national institute for fishery research (INRH) Abdelmalek Faraj and JICA president Shinichi Kitaoka, the agreement consists of funding a project of building an Oceanography and Fishery Research Ship with high-tech tools needed for advanced scientific research to ensure the sustainable development of the fisheries industry.
Kitaoka said that the said ship will help the INRH to build an ecosystem benefiting Morocco’s sustainable development and deepen research in the field of fisheries.
Faraj underlined that the ship will help with the evaluation and supervision of fish stocks, recalling that fostering sea scientific research is a major aspect of the Moroccan fisheries strategy “Plan Halieutis”.
The project is part of Morocco’s “Blue Belt Initiative”, launched at the 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22), to protect oceans and ensure the sustainable development of the fisheries and aquaculture sector.