During the roundtable, the government of Mauritania presented a portfolio of priority investment projects
VIENNA, Austria, June 17, 2025/APO Group/ --
Mauritania’s national development program will see a strong boost with a US$2 billion pledge made by the Arab Coordination Group (ACG) (www.TheACG.org) at a high-level roundtable held in Vienna, Austria. The event was chaired by the President of Mauritania, Mohamed Ould Cheikh El Ghazouani, and was hosted by the OPEC Fund for International Development in the framework of the Annual Meeting of the ACG Heads of Institutions.
Mauritania roundtable raises US$2 billion pledge from the Arab Coordination Group in development funding
OPEC Fund President Abdulhamid Alkhalifa said: “We are strongly committed to play an active role in the implementation and success of Mauritania’s ambitious development program. With our pledge we are mobilizing our collective capabilities to translate ambition into action and bring about positive change in the lives of the people of our partner country Mauritania.”
Speaking on behalf of the Arab Coordination Group, the President of the Islamic Development Bank (IsDB), H.E Dr. Muhammed Al Jasser, said: “Our funding will be directed to vital priority sectors, including energy, water, transportation and digital infrastructure, in order to stimulate economic growth and achieve comprehensive and sustainable development in the country.”
The pledge followed an opening address by President El Ghazouani who reaffirmed Mauritania’s commitment to institutional reform, enhanced transparency and improved governance. He noted that these efforts, combined with macroeconomic stability and modernized public administration, are laying the foundation for long-term, inclusive growth. The President also underscored the country’s ambition to become a competitive investment destination through streamlined investment procedures and strengthened national security.
During the roundtable, the government of Mauritania presented a portfolio of priority investment projects. Among them was an initiative to hybridize thermal power plants and enhance existing hybrid facilities with advanced energy storage solutions. Two strategic water infrastructure projects were also featured: one at the Taraf Al-Mahroud site and another in the Karakoro Basin. In the transport sector, the rehabilitation of the Nouakchott–Nouadhibou and Rosso–Boghé corridors was highlighted as vital to improving trade and connectivity.
The ACG pledge will cover the period 2025-2030. Delivery will be “closely coordinated with the government and international partners,” IsDB President Al Jasser announced. The roundtable preceded the OPEC Fund Development Forum on June 17, where Mauritania’s President El Ghazouani will deliver an opening address as guest of honor.
OPEC Fund President Alkhalifa underscored the institution’s commitment to supporting Mauritania. During a visit to the country in January he signed a Country Partnership Framework Agreement for the period 2025-2027. Under this strategic cooperation, the OPEC Fund will focus on key sectors such as renewable energy, water, food security, transport and clean cooking. The President said: “To be successful, development needs to attract investment. To be sustainable, however, development also needs to generate tangible results for the people. The government’s strategy prudently links both.”
The Arab Coordination Group is the world's second-largest development finance group, united around shared values of South-South cooperation and solidarity. Last year, the ACG extended US$19.6 billion collectively to fund nearly 650 operations in more than 90 countries.
Distributed by APO Group on behalf of Arab Coordination Group (ACG).The Group comprises the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Fund for Development and the Saudi Fund for Development.
This is Rayale strategy to start a fresh conflict in the West, those men should be in Sool but no Rayale wants to stir up new things, this guy needs to go he is over staying and over using the power. I had enough of him.
I wouldnt trust Rayale with the army, maybe he is moving all the reer Awdal soldiers in Sool back to Awdal with the Somaliland army equipment, you never know those people are snakes.
I hope this is a temperary move since Somaliland armed forces are more needed in trouble border with pugland of Somalia, than in Gabiley.
This is it. Riyaale is definitely up to no good, why else would he not implement the Guurti decision in the Eelbaradle conflict, the guurti have spoken and rendered a valid verdict and all he needs to do is implement the guurti decision thats all. Vacating Sool to Majeerteenia forces is a sinister move on the part of Riyaale so they can re-take Laasanod. Somaliland army is big enough to use in both fronts so why is Riyaale moving the army units from Sool to Eelbaradle when there are no clan fighting big enough to require the army intervention, something is not right about this and with the sacking of the minister from Gabiley by Riyale I suspect he is cooking a bad meal to postpone the elections and stay president for life but believe me he is mistaking and the people are tired of his NSS ass