Home Economy Morocco’s ports upgrade set to boost maritime traffic: Oxford Business Group

Morocco’s ports upgrade set to boost maritime traffic: Oxford Business Group

Tanger Med Port, Morocco

Rabat- Oxford Business Group said that Morocco’s “continuing push to expand the capacity and improve the efficiency of its ports has helped sustain an upswing in maritime traffic in recent months”.

The London-based business intelligence firm acknowledged in a recent analytic report the strategic position of Tanger-Med port, describing it as the “Mouth of the Mediterranean” and one of the world’s busiest shipping routes with links to 125 ports worldwide.

Tanger-Med provides services to several key shipping lines, including the Danish transportation giant Maersk and the leading container shipping company CMA CGM.

OBG’s report hailed Tanger-Med, which began operating in 2007, as a “major push” by Morocco to improve its trade profile and spur development in the north.

Tanger-Med I has a capacity of 3.5m twenty-foot equivalent units (TEUs) across four terminals. In 2012, the facility processed 1.83 million TEUs.

In 2009, Tanger-Med II was launched. The new facilities will bring the port’s total capacity to 8.2m TEUs and “serve as a motor for the economic development of the region, as industrial, logistical, and social resources are built around this trans-shipment and external trade hub”, added the OBG report.

OBG mentioned that several commercial and industrial free zones are located near the port, including a dedicated automotive industry free zone, where French car manufacturer Renault has a factory that produces vehicles, mainly for export to Europe.

The international business intelligence firm that covers 34 countries around the globe said that the Moroccan Government has also begun work on secondary ports throughout the country. For example, the $277m  Mohammedia  port on the Atlantic coast is expected to have a handling capacity of 21m tones annually by 2030.

“Morocco’s government is aware that its transport sector will need to become more dynamic in an increasingly competitive global environment. Reforms, combined with new transport infrastructure linking up more remote areas, will sit well with investors, while paving the way for the sector to up its contribution to national growth” added the OBG.

© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed

SHARE
Previous articlePlane carrying Moroccan pilgrims makes emergency landing in Algiers
Next articleIran pulls down anti-US posters in capital