Unlocking the blue economy: first investments flow through Blue Mediterranean Partnership
The Blue Mediterranean Partnership announced its first wave of investments in Egypt, Morocco and Jordan at the UNOC3 Mediterranean Day in Nice, to support coastal resilience, wastewater treatment, and sustainable tourism. These flagship projects are the first steps in addressing the region’s financing gap for a sustainable blue economy—while creating jobs and safeguarding marine ecosystems.
The UfM’s expanding role as a catalyst for investment in the Mediterranean took a new leap forward with Spain’s formal pledge of €8.5 million to the BMP. This contribution brings Spain into the circle of committed donors—alongside Sweden, Germany, France, and the EU—and raises the Partnership’s available funding for technical assistance and project feasibility studies to €22 million.