A unique & strategic geographical location
One of the most manifest assets of Mauritania is its strategic geographical position as it bridges North Africa and sub-Saharan Africa. Mauritania is also the tropical destination closest to Europe, a factor which has benefited some foreign investors. This favourable location of the country has been strengthened by the national road network linking Nouakchott to Nouadhibou which on the regional level, allows the connection of Mauritania with Western Sahara and Morocco, while in the south this coastal highway connects Mauritania to the countries of sub-Saharan Africa.
Additionally, there are plans for the construction of a bridge on the Senegal River linking Rosso in Mauritania to in Saint-Louis in Senegal. The establishment of these important connecting networks will facilitate trade & commerce between Mauritania and the other countries of the region and will consequently lead to a better integration of Mauritania within the Maghreb and West Africa.
In terms of regional integration, Mauritanian has been part of the Union of the Arab Maghreb (UMA) since its inception in 1989. UMA plans to create a free trade zone and progressively will achieve free movement of people, services, goods & capital between its members: Algeria, Morocco, Mauritania, Tunisia and Libya, leading finally to the adoption of common economic policies.
A favourable climate for foreign investment
The Mauritanian investment code and the code of commerce ensure a favourable business climate. It is in this framework that several factors vital for foreign investment & doing business have been promoted and put in place like:
– Protection of Intellectual Property
– Equal treatment of national& foreign investors
– A system of arbitration in disputes relating to investments
– Incentive tax measures favourable to foreign investments
– Specialeconomic zones
– Legal and judicial measures for the promotion and protection of private investments
Since the discovery and exploitation of oil and gas, foreign direct investment flows to the Mauritania have been steadily growing. Mauritania has nevertheless a huge potential for investments outside the mining sector, which remains largely untapped in economic activities such as the agri-food business, the manufacturing of products derived from livestock, oil derived products as well as trade in general.
To allow the use of this potential and put an end to the recurring problems that impede economic development, this government’s policies initiated since 2009 aim primarily at strengthening the strategic sectors. Hence, many public investments have focused on the realisation of infrastructure (electricity, water, ports), improving competitiveness cost of production lines, developing skilled workers in all sectors through vocational training, achieving a better labor productivity and promoting good governance through a sound and transparent management of public affairs.