Morocco’s largest port, Tanger Med, has signed a partnership agreement with the German port of Hamburg to exchange experiences and good practices in terms of security and digitization, among others.
The Moroccan-German agreement aims to facilitate the exchange of expertise in maritime port operations, traffic management, port cybersecurity and innovation, according to a joint press release.
The online signing of the agreement took place on October 27, during which Mehdi Tazi Riffi, managing director of the port of Tanger Med, said his administration was “delighted” to start cooperation between the two main ports.
Spanning an area of 1,000 hectares, Financial Times’ FDI Intelligence announced the port of Tanger Med as the second “world free zone” in 2020. The port finished fifth last year in the same ranking
Hamburg Port Authority CEO Jens Meier said at the virtual signing ceremony that the Port of Hamburg and the Port of Tanger Med hold exceptional positions in their regions, highlighting the “strong” exchange of experience to come in terms of digitization and cybersecurity.
In 2019, the port of Hamburg handled 1.3 million tonnes of freight in maritime trade with Morocco.
Tanger Med serves not only as a port but also as a large industrial zone, including for the aeronautical and automotive sectors. Its strategic location on the north coast of Morocco makes it the European portal to Africa for investment
A leading port in Africa and the Mediterranean, Tanger Med is connected to more than 180 ports around the world and exports one million new vehicles per year via the Renault-Nissan plant.
Despite the negative economic repercussions of the Covid-19 crisis, the port of Tanger Med recorded positive economic indicators in the first half of 2020.
The port’s overall turnover reached $ 127 million at the end of June 2020, an increase of 2% compared to the same period in 2019.