DUBAI: The Abu Dhabi Fund for Development is going to finance a major modernization project of a fishing port in Mauritania, on the west African country’s Atlantic coast, the UAE news agency reported.

Around 24 million dirhams ($7.9 million) will be used to renovate the Tanit Fishing Port, in boost for local industry.

Under the memorandum of understanding, the port will be refurbished and an ice factory will be built.

“The modernization of the Tanit Fishing Port represents an opportunity to directly impact the livelihoods of local fishing families while contributing to national economic growth and a number of national strategic priorities,” said Mohamed Saif Al-Suwaidi, director-general of ADFD.

The project will provide local fishermen with access to refrigeration storage and rapid freezing units required to operate the Tanit fish processing plant.

Fish represents 58 percent of Mauritania’s exports and the industry contributes 10 percent to its GDP.

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