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Tanger Tech: Morocco-China mega project worth $1 billion US presented to the King.
04/26/2017 - Général

In Tangier, King Mohammed VI presided over the presentation ceremony for the project to create a new city, "Mohammed VI Tanger Tech City" and was also present for the signature of the relevant protocol agreement.

This project, developed by the Tanger-Tetouan-Al Hoceima region, the Chinese group Haite and BMCE Bank, involves the construction of an economic hub able to generate 100,000 jobs, of which at least 90,000 are guaranteed for the inhabitants of the Tangier region. It will involve the arrival of 200 Chinese companies operating in a variety of areas including the manufacturing of cars, the aeronautics industry, aviation replacement parts, electronic information, textiles, the manufacturing of machines, and many more. Total investment by companies in the Zone after ten years is expected to reach 10 billion dollars.

The Mohammed VI Tanger Tech City will cover 2,000 hectares and its construction will be staggered over the next 10 years with initial investment set at 1 billion dollars.

The King presided over the signature ceremony for the protocol agreement covering the creation of this new city, a city that will be economically integrated into Tangier. The agreement was signed by Mohammed Hassad, Interior Minister, Moulay Hafid Elalamy, Minister for Industry, Trade, Investment and the Digital Economy, Mohammed Yacoubi from the Ministry of Economy and Finance, Ilyas Omari, Wali of the Tanger-Tetouan-Al Hoceima region, Othmane Benjelloun, President of BMCE Bank and Li Biao, President of the Haite Group.

Source : Infomédiaire