Presidential activity

President of Republic: Our Country is Working Hard on Upgrading the Industrial Sector to Diversify the Economy and Support its Resilience

Dubai,  22/11/2021
The President of the Republic, His Excellency Mr. Mohamed Ould Cheikh El Ghazouani, said that the industry is the locomotive of comprehensive economic development and its central pillar due to the role it plays in creating job opportunities, producing added value, and raising growth rates.

In his speech on Monday at the opening of the fourth edition of the Global Manufacturing and Industrialization Summit, the president of the republic added that the size and diversity of the industrial sector’s contribution to contemporary economies have remarkably doubled in the last two decades, thanks to the revolution of new technologies and the accelerating digital transformation.

He declared that our country is working on upgrading the industrial sector within the framework of an expanded program aimed at diversifying our economy to support its resilience and increase its productivity, as required by the desired sustainable development.

Here is the full text of the speech:

"In the name of Allah the Most Gracious the Most Merciful, and Peace and Blessing be upon His Holy Prophet,

Highness Sheikh Mansour Ibn Zayed,

Excellencies,

Ladies and gentlemen,

First, I would like to sincerely thank the United Arab Emirates, leadership and people, for their kind invitation to participate in the fourth session of the Global Manufacturing and Industrialization Summit, on the sidelines of Expo 2020 Dubai, and for the warm welcome and the generous hospitality that my delegation and I have been kindly granted since we arrived in this brotherly country.

By hosting EXPO 2020 and the Global Manufacturing and Industrialization Summit in Dubai, the United Arab Emirates are once again proving their depth of vision and the relevance of their forward-looking approach.

Ladies and gentlemen,

Industry is truly an engine and a central pillar of global economic development, due to its exceptional contribution to job creation, production of added value, and increased growth rate.

The size and diversity of the industrial sector's contribution to contemporary economies have doubled considerably over the past two decades, thanks to the revolution in new technologies and the accelerated digital transition. This reflects the importance and relevance of our Summit motto: “Upgrading Societies: Employing Digital Technologies for Prosperity.”

Ladies and gentlemen,

The economies of developing countries, especially on the African continent, are often characterized by the weakness of their industrial sectors.

Despite its many attractions for investments and the immeasurable natural resources which constitute essential inputs for industry, the African continent continues to struggle for its industrial take-off, as do the rates of investment and the ratios of industrial contribution to the gross domestic product, which remain very low.

This is mainly due to structural problems, which result in the fragility of the infrastructure, the difficulty of access to finance, the low level of human capital, the weakness of the private sector, the limitation of exports to only raw materials, and the failure of digital infrastructure.

That’s why African states have placed industry and transformation infrastructure at the forefront of Agenda 2063. Today, these countries are making great efforts to create diversified, competitive, and efficient transformational industries thanks to ambitious programs aimed at improving the infrastructure supporting growth in transport and communications, as well as modernizing new technologies, encouraging the private sector, creating a continental free trade area, and many other projects, thus translating the farm the continent's desire to win the battle for industrial growth and to take advantage of new technologies.

Ladies and gentlemen,

The Mauritanian industrial sector depends on extractive industries and small and medium industrial units based on local products.

In our country, as in the rest of the world, this sector has been affected by the COVID-19 pandemic, leading to a decline in the gross domestic product which fell from 10.7%, before the pandemic, to nearly 9.4%.


To cope with this trend, we are currently working to promote this sector, as part of an expanded program aimed at diversifying our economy, to strengthen its resilience, and increase its productivity, as required by the desired sustainable development.

In this area, our strategy aims to considerably increase the contribution of the industrial sector to the GDP by promoting the development of processing industries for primary sector products, improving the competitiveness of our industrial entities, creating an environment conducive to the development of national and foreign investments, as well as the upgrading of human resources and the launch of large projects of industrial dimension, and with high environmental potential, such as the green hydrogen production project.

Along with these programs, we are working to integrate new technologies, because of the central role that the digital economy can play in creating jobs, supporting growth, and improving key economic indicators.

Convinced that digital innovation can help unleash the creative potential of our young people, we have created a Ministry of Digital Transition, Innovation, and Modernization of Administration, which is working to create a modern and solid digital infrastructure to ensure quality, rapid services accessible to all, to take advantage of solutions and techniques developed around the world in various fields, particularly in the field of processing industries.


However, as part of the implementation of this strategy, we are facing major challenges, including the difficulty of making the huge investments required by digital transformation and industrial development in a country where development priorities compete and face the catastrophic effects of the COVID-19 pandemic.

Therefore, we are working to support public and private sector companies, as well as to promote and enhance our comparative advantages of attracting investment, such as our excellent business climate, immense natural resources, security, and the political stability that prevails in our country, our various tax breaks and exemptions for the benefit of investors, and many other factors encouraging investment.

Ladies and gentlemen,


As you know, the industry is part of the ninth objective of sustainable development, because of its pivotal role in stimulating growth and in job creation and, more generally, in the fight against poverty and creation of conditions of sustainability.

In the Islamic Republic of Mauritania, we are working hard to achieve this goal and are ready to engage in all forms of partnership and cooperation to accelerate industrial and digital transformation.

Thank you.

May Allah's peace, mercy, and blessings be upon you ".

Last modification : 22/11/2021 20:45:20