World Bank Report Details Morocco's Blue Economy Potential and Climate Risks

The World Bank released a report detailing Morocco's blue economy, which currently contributes 3.8 percent of the country's GDP and supports 495,000 jobs. The report identifies aquaculture as the largest untapped opportunity, noting that current production of 3,500 tons is far below the national target of 300,000 tons. Furthermore, the report warns that climate change poses material risks, with coastal erosion costing $434 million per year and sea level rise damage potentially reaching $389–$595 million annually by 2050.

The blue economy is a significant national asset, accounting for 12 percent of local GDP in Agadir and 6.5 percent in Tangier. Reaching the aquaculture production target could create up to 52,000 additional direct and indirect jobs by 2035, contingent on sustained public and private investment.