Guelmim-Oued Noun region
Guelmim-Oued Noun is the gateway to Sahara and South Atlantic. Small sparsely populated region with traditional economy (fishing, livestock) transitioning to renewable energy and logistics with Dakhla.
Key figures
Capital
Guelmim
Population
0.43M
Regional GDP
10 Md MAD
National GDP share
0.7%
Economic sectors
Credit market
Very small market dominated by Banque Populaire and CAM. Deep-sea fishing cooperatives benefit from specific financing. Strong mortgage demand in Sidi Ifni (touristic).
Insurance market
Embryonic market. Fishing cooperatives subscribe to mandatory professional insurance. Few individual insurances outside mandatory auto.
Local specifics
Guelmim hosts the large annual moussem (Saharan festival) attracting nomadic traders. Itinerant banking services (mobile branches) developed by Banque Populaire.
Main cities
Dominant institutions
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