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Rabat – Nador West Med has secured €196.7 million (MAD 2.1 billion) in long-term financing through its subsidiary, West Med Container Terminal (WMCT), under an agreement signed Thursday with a consortium of three Moroccan banks.
The 15-year project finance loan will fund part of the first phase of the container terminal, which carries a total investment of nearly €253 million (around MAD 2.8 billion). The terminal’s first section is expected to enter service in the fourth quarter of 2026.
The banking consortium comprises Attijariwafa Bank as the lead mandated arranger, alongside Banque Centrale Populaire and Bank of Africa as arrangers.
The financing is part of the broader funding plan for the East Terminal, a strategic infrastructure project aimed at strengthening the competitiveness of Nador West Med and reinforcing Morocco’s position as a major logistics hub in the Mediterranean.
By securing the funding, WMCT says it has obtained the resources needed to complete the terminal’s first phase while demonstrating the confidence of Morocco’s leading financial institutions in the project’s potential. Once operational, the facility is expected to expand the port’s handling capacity and boost regional and international trade.
Construction of Nador West Med is progressing on Morocco’s Mediterranean coast, where it is set to become the country’s third deepwater port, after Tanger Med and Jorf Lasfar. According to Equipment and Water Minister Nizar Baraka, the port remains on track to begin operations by the end of 2026.
The project will initially include 800 hectares dedicated to industrial activities, with future expansion planned to 5,000 hectares, exceeding the size of Tanger Med’s current industrial zones.
