Western Sahara Worldnews
Scandinavian Oil & Gas
CGG has announced the delivery of near real-time imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only 4 days after the last shot.
This technical feat crowned an excellent operational performance by the crew of the CGG, Geo Caspian, who worked in a safe, collaborative and effective partnership with the client to complete the program ahead of schedule.
Jean-Georges Malcor, CEO, CGG, says, “This exceptional achievement surpasses our record last year when we delivered 1,700 sq km of fast-track depth imaging data just 9 days after acquisition for another survey offshore Morocco for the same client. It reflects the dedication of our offshore and onshore experts to go the extra mile to deliver results that continue to exceed our clients’ expectations.”
By Aziz El Yaakoubi
Four African migrants drowned and 34 were rescued after their boat sank in the Mediterranean on Wednesday, Moroccan authorities said.
The Mediterranean between Morocco and Spain was a major route around 10 years ago for migrants from Africa trying to reach Europe, but numbers fell after the two kingdoms tightened control.
Moroccan authorities said the group was on an inflatable boat off the northern city of Al-Hoceima, a statement carried by state news agency MAP said.
It was unclear if the boat was heading to Spain or to one of the Spanish enclaves, Ceuta and Melilla, on the Moroccan coast.
Morocco said an investigation was still underway.
Hundreds of African migrants try regularly to enter the two enclaves either by swimming along the coast or climbing the triple walls that separate them from Morocco.
In 2015, 3,845 migrants entered Spain via sea crossings, according to the International Organization for Migration, a tiny fraction of the 956,000 that reached the rest of Europe the same way.
(Reporting By Aziz El Yaakoubi Editing by Jeremy Gaunt)
Africa Business Communities
The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, have entered into a Memorandum of Understanding relating to the establishment of a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the continent.
GGIF will be structured as private capital fund and its objective is to attract private investors with interest in Morocco or Africa who are looking for responsible and green investment opportunities.
Its aim is to work as a catalyst for the transition of Africa into a green economy by supporting low carbon infrastructure such as clean energy, low carbon transportation and the efficient utilization of water resources.
GGIF will be sponsored by the World Bank and Ithmar Capital. This dual-sponsoring will allow the fund to benefit from the strengths of these two organisations; the World Bank with its expertise in fund establishment and policy work, and Ithmar Capital through its network of partners and experience in co-investment structuring.
GGIF will also include a Public Private Partnership (PPP) unit that will focus on the origination of viable projects in collaboration with Government agencies. This will result in a consolidation of PPPs in the targeted countries.
Both the parties will work together in close partnership with a broad range of public and private investors, including Regional Development Banks, Sovereign Wealth Funds, and global and regional institutional investors, to increase private capital participation in green infrastructure investments across the continent.
As well as leveraging private capital flows for investment in environmentally sustainable infrastructure, the GGIF will focus on reducing the risk of marginally non-bankable projects in order to render them viable.
Tools will include innovative mechanisms for project preparation and capital structures. Relying on its growing economy and European proximity, Morocco is working to become competititive.
Hill International to Manage Construction of New Facility at APM Terminals MedPort Tangier Container Terminal in Morocco
Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from APM Terminals MedPort Tangier S.A. to provide project management and supervision engineering services during the construction of a new container facility at the Tangier-Med Port Container Terminal in Morocco. The two-year contract has an estimated value to Hill of between approximately €5.4 million ($6 million) to €6.7 million ($7.4 million).
The Tangier-Med Port complex is one of the largest ports in Africa. It is constructed on the Straits of Gibraltar, a central artery of global shipping with over 200 vessels a day passing through carrying trade between Asia, Europe, Africa and the Americas. APM Terminals MedPort Tangier is an international container terminal operator and part of the Dutch-based APM Terminals global terminal network – one of the world’s leading port operators. www.apmterminals.com
“We are honored that APM Terminals MedPort Tangier has chosen Hill to assist with this important project,” said Waleed Abdel-Fattah, Senior Vice President and Managing Director (Africa) for Hill’s Project Management Group. “We are confident that our team will deliver on all expectations,” Abdel-Fattah added.
Hill International, with 4,400 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets.
Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States.
Source: Hill International, Inc.