FAQS about NOUADHIBOU
The city’s
importance lies in its distinctive geographical location at the crossroad of
sea routes linking the three continents (Asia, Europe, and Africa) and its
proximity to the Americas.
It also has the world’s richest fishing shores and rises above a great
wealth of metals (iron, phosphate, gold, and quartz).
It is characterized by being a tourist area, and a nature reserve is
located near it and contains millions of rare birds.
In Nouadhibou, there is eco-tourism, fishing tourism and desert tourism as
well as relaxing tourism.
Available are raw materials cheap labour. Nouadhibou has an unpolluted
570-km-long coastline with large expanses of sand dunes
What is the general situation of the
state of MAURITANIA? Are there political coups? What about the security
situation?
The republic of Mauritania lives in its golden age,
reaching a plateau not reached since its establishment.
The period of political coups ended. Even when they
happened, the unrest didn’t go beyond the presidential palace. They never
affected the obligations of the state or foreign investments. Foreign investors
companies continue to operate normally since decades.
As for the security situation,
Mauritania recorded the lowest crime levels among Arab countries. The
Mauritanian people are peaceful people and friendly by nature. Since the
government of President Mohamed Ould Abdel Aziz took over, the security
situation was straighted out significantly, and the terrorist expanse which
previously infiltrated into the territory of the country was eliminated.
Why MAURITANIA has not benified so far
from NOUADHIBOU area if it has such a great benefit?
There
are many studies on the region and huge economic projects planned, but there
are also several obstacles which prevented their implementation, including
regional or political obstacles and internal obstacles on the level of
infrastructure and government changes that occurred.
What are the regulations followed in
NOUADHIBOU area?
The free zone
system followed in Nouadhibou is the most tempting thing for investors to come
to it, since the entire city is a free zone, and facilities and licenses are
provided for Investors.
There is also
the Free Zone Organizing Center, responsible for regulating relations between
the zone, authority, arbitration and commercial judiciary, where any trade
issue will be resolved within a few days!
What are the features that make
investment successful in NOUADHIBOU?
There is a wide range of benefits received by investors because of the
presence of the free zone system, which provides privileges and incentives for
investors, such as:
·
The right to own property fully.
·
Free transfer of capital, profits and incomes.
·
The absence of restrictions on the nationality of the invested capital.
·
The freedom to choose the legal form of the project.
·
Determining the prices of products and the percentage of profits.
·
Exempting capital assets, production supplies, imports and exports from
taxes, sales taxes and other fees.
Nouadhibou has
solid foundations and favourable environment for investments in fishing, mining
and tourism.
What
is the role of MAURITANIA businessman in investing in the region?
There
are large numbers of Mauritanian businessmen who invest in the region in the
fields of fishing, manufacturing industries and others, but the area is very
large and accommodates enormous foreign investments.
Are there any restrictions on SYRIAN
Investors?
The
Mauritanian State welcomes all investors of all nationalities and treats them
with a single system covering everyone equally.
What is the first step that must be taken
to invest in NOUADHIBOU?
You can go to
the region, study and assess the situation, and identify the work mechanisms
yourself, but we recommend starting with Rawafed Investment Company, which provide
for all the details on your investments from the hour of arriving to the
airport until opening and registering the company and registered. It also
follows up, direct and ensure the success of works.
(Visas,
reception, car, hotel, food, guide, translation, legal, financial and technical
consultancy, finishing the company registration procedures, providing
facilities).
As for the private sector, all trade laws ensure
the rights of the investor.
As for partnership with the public sector, there
are guarantees from the World Bank.
As for investment, there is no guarantee for
success in the world, but it depends on the good management and administration.
Citizens and foreigners labour are
available in the region, and the labour force in the Mauritanian market is
characterized by strength, commitment and dedication to work. Most people there
speak Arabic, English and French, and you can collect high quality labour with
low prices and wages compared with the rest of the world.
What about the people of
MAURITANIA?
The Mauritanian
society is one of the least Arab societies in the spread of crime. They are
peaceful people who do not interfere with the affairs of others. You’d rarely
see a dispute that developed into a brawl or reaches the stage of beatings with
hands and attacks.
You’ll find that the trait of generosity and hospitality predominant among
the people of Mauritania. They are open to others and at the same time maintain
their values. They integrate and keep their privacy and distinctiveness at the
same time.
Is there a demand for the
region?
The area is
famous worldwide for fisheries, mineral wealth, and international fleets for
deep fishing and fishing on the high seas.
It also has the longest train in the world for transporting iron.
Foreign companies began to race in investing there after the Free Zone Act
was passed. Works in infrastructure development started, commercial laws were
updated, and investment incentives were applied.
What is the price
situation in Nouadhibou in general?
Prices
are very acceptable in the area, ranging from medium to low if they are
compared with the global markets, especially the prices of real estate, raw
material and labour wages.
What are the nearest
markets to the region?
The
Spanish market is the nearest European markets to Nouadhibou, as it provides it
with the most important materials and equipment. As for the neighboring
countries, the Moroccan market exports vegetables and fruits to the region. The
Algerian market export dates and petroleum products.
What are the nearest
countries to the region?
Morocco and
Algeria are border areas with Nouadhibou, and the Canary Islands are just half
an hour away by the plane.
Spain, Italy and Portugal are relatively nearby countries.
What are the region’s
outlets?
The city has an international airport that receives
flights from the most famous international and domestic airlines.
There is also a territorial access to Morocco, and sea ports on the
Atlantic Ocean.
Are there any economic
reports and studies about Nouadhibou region? What are the offices that carried out
the studies?
The
World Bank prepared a comprehensive report on Nouadhibou region and published
it in the current year. You will find it through the following link:
World Bank rep
Nouadhibou, and you will find through the following link
