KSAR SGHIR, Morocco (Reuters) – Morocco will open new terminals at its Tanger Med port on Thursday allowing it to surpass the largest ports in the Mediterranean Algeciras and Valencia, and driving further investment and manufacturing to the country.
Already the biggest port in Africa with an annual volume of 3.5 million twenty-foot equivalent units (TEU) in 2018, Tanger Med will add six million in capacity after its extension worth 1.3 billion euros making it the largest in terms of container capacity in the Mediterranean, Rachid Houari, port director, told Reuters.
Morocco - Port - Platform - Exports - Production
Morocco hopes the port, which offers a platform for exports by local production plants of French car makers such as Renault and Peugeot, will reach volumes of 4.5 million TEU by this year’s end like Algeciras in southern Spain.
Located on the western tip of the Mediterranean just across from the Spanish coast port authorities hope it can build on its role as a calling point for container shipping firms, especially between Asia, Africa and Europe.
“I hope we will add one million...
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