New state of the art $800 M investment in Morocco

02/07/2019
MARPRO Team
With the new addition of APM Terminals MedPort Tangier, which has a capacity of 5 million TEU’s (twenty-foot equivalent), Morocco is becoming one of the most important transshipment locations in the world. TangerMed Port is already ranked leading African port and is amongst the world’s top 50 container ports worldwide given its prime location along key trade lanes and the increasing cargo flow to and from Africa.
 
The construction of APM Terminals MedPort Tangier took two years and a total investment of USD 800m to make this state-of-the-art facility become reality. This new transshipment terminal is designed, constructed and operated by APM Terminals, and will join the hub facilities servicing Maersk and its partners. Built utilizing the latest technology, the terminal is set to be one of the most efficient and safe in the world.
Morten H. Engelstoft, Chief Executive Officer of APM Terminals commented: “APM Terminals has a long-term relationship with Morocco and we are proud to be operating the second container terminal in the Tanger-Med port complex. APM Terminals MedPort Tangier is a key junction in our global network allowing us to serve our customers better and further facilitate global trade.”
 
The new facility will support TangerMed Port to increase its annual throughput capacity to nine million TEU’s helping to improve Moroccan connectivity and further support global trade.
Morocco has seen a GDP growth of 4,1% with the positive outlook on the containerized imports and exports which will see significant growth in the years to come. Approximately 200 cargo vessels pass through the Strait of Gibraltar daily on major liner services linking Asia, Europe, the Americas and Africa. With a quay length of 1200 meters, a depth of 16 to 18 meters APM Terminals MedPort Tangier is able to facilitate the largest vessels.

 
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