By The expansion of the Tanger Med port on the Mediterranean transforms Morocco into a gateway to foreign investment for the African continent. The port provides logistical services to companies who are willing to invest in Morocco and other African countries.
investing in Morocco, Tanger Med.
Now operational, Tanger Med overtakes the Mediterranean’s largest ports Algeciras and Valencia in terms of container capacity, to become the Mediterranean’s new largest port.
The port had an annual volume of 3.5 million 20-foot equivalent units. The volume is expected to reach 4.5 million 20-foot equivalent units by year-end. The new port includes two new container terminals.
Salman Bonaamane, head of Dar Al-Maarif for Research and Statistics told the media;
“The expansion of the Tanger Med port will make Morocco a gateway to international investments into the African continent.” “After the expansion of the Tanger Med, the port will bring economic dynamism to the Mediterranean region.”
At the same time, “it will also transform the city of Tangier into an industrial zone”, Omar Kettani, an economic expert, told the media.
investing in Morocco, Tangier Med.
The port is located about 50 kilometers east of Tangier, the main city in northern Morocco. Tanger Med is a worldwide logistics gateway on the Strait of Gibraltar, connecting 186 ports worldwide across 77 countries. The terminals are operated by APM Terminal and owned by Denmark’s Maersk, Germany’s Eurogate, and a local firm.
The port has also helped establish Morocco on the international maritime scene and help raise its United Nations Conference on Trade and Development (UNCTAD) ranking from 83rd to 17th place.
- Source: https://bit.ly/3mwz1KR
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