Summary:

In early January 2023, urgent improvements were ordered to begin at the Port of Rades to address systemic issues impacting operations at Tunisia’s largest port. With approximately 60% of Tunisian’s shipping tonnage passing through the port, it serves as an essential economic hub for the country. The Ministry of Transport, which operates the Port of Rades, plans to upgrade and modernize a range of systems and technologies to facilitate more efficient management of operations at the port. The Port of Rades has previously been targeted for funding for improvements by the U.S. government’s Millennium Challenge Corporation, However, the funding scheme for this project was not specified.

Outlook:  

Investment in modernizing operations at the Port of Rades will likely pay long-term dividends for Tunisia, which relies heavily upon its ability to both import and export goods.  Without published details on the funding of this project, it is yet to be see if this long-term project will continue throughout this period of economic hardship.

Explore our services or speak with our team of North Africa-based risk experts.