Tanger Med ~ Port of Tanger MedTanger Med Port ( طنجة المتوسط )Tanger Med or in Arabic: طنجة المتوسط is a Moroccan industrial port complex, located 45 km northeast of Tangier and opposite of Tarifa, Spain (15 km north) on the Strait of Gibraltar, with handling capacities of 9 million containers, one of the largest industrial ports in the world, and the largest port in Africa and the Mediterranean Sea. 7 million passengers, 700,000 trucks and the export of 1 million vehicles. Tanger Med also consists of an industrial platform for 1100 companies, representing an annual export business of €8Bn in 2020. operating in various sectors such as automotive, aeronautics, food processing, logistics and textiles. Tanger Med Overview The Tanger Med Project is the largest port in Africa. The project is a strategic priority of the Moroccan government for the economic and social development of the North Morocco region. It is part of the economic policy orienting Morocco towards exports, based on eight clearly identified export sectors, with particular emphasis on the free trade agreement with the European Union to be implemented by 2012. Completion of the «Tangier-Mediterranean» project will have important economic effects in terms of jobs, creation of added value and foreign investment. Its particular position on the Straits of Gibraltar, at the crossing of two major maritime routes, and 15 km from the European Union will enable it to serve a market of hundreds of millions of consumers through the industrial and commercial free zones which will be run by well-known private operators. It will also win part of the strong growth market of container transshipment and become the leading hub for cereal transshipment, a facility which is non-existent in the north-west African region at present. The project will be implemented, coordinated and managed by TMSA, a private company with public prerogatives, operating under an agreement with the State and interacting with the different ministries involved. The port complex will have important economic effects in terms of jobs, creation of added value and foreign investment. In addition to the economic effects of the operation of the port, there will be significant effects resulting from its construction, particularly through foreign investments, and others from the operation of the free zones (direct and indirect added value, direct gains, jobs and foreign investment). A draft loan contract of $180 mln to fund the expansion works of Tanger Med port was signed in October 2008 for building a second deepwater port, dubbed "Tangier Med II", to meet the growing demand for container handling at international level in sea transport. The new port facilities, scheduled to be operational by the second half of 2012, will include two new container terminals with a total length of 2,800 m and an additional nominal capacity of 5 million containers. Final official approval for "Tangier Med II" was received on 7 January 2009, with actual construction started on 17 June 2009. In November 2010 the European Investment Bank (EIB) signed a loan of €200 million for the extension of the port. The port is expected to reach full capacity by 2015, and to operate 8 million containers, 7 million passengers, 700,000 trucks, 2 million vehicles, and 10 million MT of oil products. When completed in 2018, it is expected to be the busiest port on the Mediterranean. The port's turnover keeps increasing: it handled 65 million tons of goods in 2019, jumped to 75 million tons in 2020 and 101 million tons in 2021. Tanger Med Governance Tanger Med is managed by Tanger Mediterranean Special Agency (TMSA), a public limited company with a board of directors and supervisory board. It agency was created in 2003 to fulfill the government's engagement through an innovative mode of governance based on the control of costs and impacts of a large-scale project on the national territory. The Supervisory Board is composed of:
The current executive board consists of the following members:
Tanger Med Location Country: Morocco Tanger Med Coordinates: 35.874980°N 5.520710°W Tanger Med UN/LOCODE: MAPTM Tanger Med Operated By: Tanger Med Port Authority S.A. Tanger Med General Manager: Mehdi Tazi | |||||
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