Mauritania’s towns are thriving due to increased mining output and investments. In September 2024, mining production grew 3.10%, and the Tasiast Gold Mine reported a 15% increase in gold production in 2023. The government targets 45 million metric tons of iron ore production by 2030, which could spur infrastructure development, job creation, and population growth in mining towns, potentially increasing housing demand and rents.
Mauritania’s coastal regions are also attracting foreign investment, driven by a 14% rise in tourist arrivals in March 2024, with 750,968 visitors drawn to the country’s scenic coastline.
Nouadhibou’s thriving fishing industry is another magnet for investors, producing 1.2 million tons of fish annually, most of which goes unprocessed locally. This presents opportunities for growth in fish processing, potentially boosting exports and creating jobs.
As the economy grows, Mauritania is experiencing rapid urbanization. By 2023, the rural population had declined to 42.3% of the total population, driven by an annual urbanization rate of 3.84% from 2020 to 2025, as people seek better opportunities in cities.
