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Get to Know About Western Sahara
Western Sahara is a ‘non-self governing’ territory in the Maghreb region of North and West Africa. The territory covers an area of 244,000 square kilometers and is home to a little more than 5,00,000 people. Most of the part of the territory is covered in desert flatlands, which explains the relatively low population density of the region.
The government of Western Sahara is a conflicted matter. Morocco and the Sahrawi Arab Democratic Republic claim the territory to be their own. Even the UN is unsure, and both of the parties have other countries supporting them. Due to the disputes, there have been many counts of struggles and human rights violations. The situation is chaotic most of the time.
Fishing and phosphate mining are the major industries in Western Sahara. Apart from that, some oil reserves have recently been discovered, and both the Moroccan and Sahrawi Arab Democratic Republic have signed agreements with oil companies to discover more. Anyway, there is no surety if the commercial extraction of oil is possible.
As of now, doing business in Western Sahara isn’t really something for foreign investors to look out for. The officials and authorities are vague about FDI in the region, and for those interested, they give a sense of ‘not the best time now.’ Anyway, the Moroccan government has been encouraging citizens to move into the region by decreasing prices on household items and other benefits. This is a positive step, and better things might come in the future.