Morocco: Social, economic impacts of Khemisset potash project unveiled - News Summed Up

Morocco: Social, economic impacts of Khemisset potash project unveiled


The planned potash project in Khemisset (Northern Morocco) will create 2,385 direct and indirect jobs, and will increase the local GDP per capita by an estimated 40 pc. The figures were revealed by the UK fertilizer group Emmerson Plc, the Moroccan focused potash development company, when unveiling the findings of a socio-economic study of the potash project that highlighted the social and economic impacts of this project. According to this study carried out by professor of Economics Sallem Koubida, this project will increase the local GDP per capita by an estimated 40 pc. The study also found that the additional tax contributions resulting from the Khemisset potash project represent an estimated 176 pc of tax revenues generated locally, 5.1 pc regionally and almost 1 pc nationally. The Khemisset project is expected to produce over 700,000 tons of saleable K60 MOP (Muriate of Potash) and 1 million tons of de-icing salt per year.


Source: The North Africa Journal August 28, 2020 13:41 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */