Morocco Inaugurates Tanger-Med 2 of Tangier Port

Crown Prince of Morocco Moulay Hassan during the port’s inauguration (MAP)
Crown Prince of Morocco Moulay Hassan during the port’s inauguration (MAP)
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Morocco Inaugurates Tanger-Med 2 of Tangier Port

Crown Prince of Morocco Moulay Hassan during the port’s inauguration (MAP)
Crown Prince of Morocco Moulay Hassan during the port’s inauguration (MAP)

Crown Prince of Morocco Moulay Hassan, son of Morocco's King Mohammed VI, inaugurated Tanger-Med 2 of Tangier port, which will enhance the country’s position in the Euro-Mediterranean region.

Tanger-Med 2 now has the largest Mediterranean port capacity and by connecting Morocco to 77 countries and 186 ports, the port contributed to the location of the Kingdom of Morocco on the international maritime scene, announced head of the Tanger Med special agency Fouad Brini.

“Tanger today represents the top port in the Mediterranean in terms of capacity.”

Morocco is now in the 17th place according to the United Nations Conference on Trade and Development (UNCTAD), Brini said, adding that: “That's something to be proud of.”

Brini pointed out that the port provides Morocco with world-class infrastructure in Gibraltar Strait and makes the Kingdom a regional and industrial player of the first level in Africa and the Mediterranean. He added that the visionary decision of the King of Morocco to launch the studies and construction of Tanger-Med 2 enabled Tangier port of tripling its capacity from 3 million to 9 million containers per year.

The Head of the agency added that in 2018, Tanger-Med 1 handled 3.4 million containers, which enabled it to be located as the first port in Africa, ahead of Egypt’s Port Said on the Suez Canal and Durban in South Africa.

Tanger-Med is the first African port to be labeled EcoPort, part of the main environmental initiative which features equipment that respects the environmental standards of the European Maritime Ports Organization.

Brini noted that the momentum of development will continue for a new investment program worth $900 million, adding that this investment program aims at keeping pace with the growth of Moroccan industrial and agricultural exports, through expanding port processing capabilities and creating new facilitation zones.

This dynamism will contribute to improving the logistics competitiveness of the African continent and confirm Morocco’s integration in the world's leading logistics corridors by enabling Tanger-Med to be located within the world's top 20 container ports, explained Brini.

He recalled that 12 years after the actual launch of the project, the innovative model of the Tanger-Med Agency's governance is systematically brought up in the best global practices.

A.P. Moller Maersk CEO Morten Engelstoft said that Tanger-Med is one of the most developed ports within the port network in which the group operates. He added that this port platform is one of the strategic centers within the global network of A.P. Moller Maersk.

Engelstoft noted that Tanger-Med is a leading port with a very advanced technology that offers effective and safe solutions. He praised the extraordinary business climate in Morocco, stressing that Maersk reaffirmed its commitment and trust in country.

Tanger-Med 1 & 2 port director Rachid Houari stated that the port put Morocco in the category of the world's great marine countries.

He also pointed out that Morocco has become an inevitable destination, and Tanger-Med is an indispensable port.

The extension is the result of nine years of work and 1.3 billion euros of public funding along with an equivalent amount pumped in by private investors, explained Houari.



Kazakhstan Anticipates Completion of ACWA Power’s Wind Energy Project

ACWA Power announced in March that it would execute the project, which will aid Kazakhstan in reaching its goal of sourcing 50% of its energy from clean resources by 2050. (Photo: ACWA Power)
ACWA Power announced in March that it would execute the project, which will aid Kazakhstan in reaching its goal of sourcing 50% of its energy from clean resources by 2050. (Photo: ACWA Power)
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Kazakhstan Anticipates Completion of ACWA Power’s Wind Energy Project

ACWA Power announced in March that it would execute the project, which will aid Kazakhstan in reaching its goal of sourcing 50% of its energy from clean resources by 2050. (Photo: ACWA Power)
ACWA Power announced in March that it would execute the project, which will aid Kazakhstan in reaching its goal of sourcing 50% of its energy from clean resources by 2050. (Photo: ACWA Power)

Kazakh Ambassador to Saudi Arabia, Madiyar Menilbekov, announced that his country eagerly anticipates the completion of ACWA Power’s first wind energy project in the Zhetysu region. This project, led by the Saudi company, will have a total capacity of 1 gigawatt and an investment value of approximately $1.5 billion.
ACWA Power announced last March that it would execute this project, which will aid Kazakhstan in reaching its goal of sourcing 50% of its energy from clean resources by 2050. Construction is expected to commence in the summer of 2025.
Menilbekov told Asharq Al-Awsat that both countries “have established a solid political dialogue at a high level, along with cooperation in trade, economics, culture, and parliamentary exchange.” He expects this high-level dialogue to continue at the upcoming COP 16 summit in Riyadh.
He further emphasized that trade, economic, and investment cooperation is the cornerstone of the bilateral relationship, noting: “Both countries share a similar outlook on economic development, reflected in Kazakhstan’s Strategic Program 2050 and Saudi Arabia’s Vision 2030.”
The Kazakh ambassador highlighted that last September, the Islamic Development Bank approved financing for projects in Kazakhstan focused on water resource development, enhancing agricultural productivity, and ensuring food security, with total allocations amounting to $1.153 billion.
In tourism, he noted significant progress toward establishing direct flights between the two countries. Air Astana launched flights between Shymkent and Jeddah in October and announced a route from Almaty to Medina, bringing the total to six direct flights. Additionally, Kazakh companies in construction, oil services, and IT have recently opened offices across Saudi Arabia. The Farabi Innovation Center was inaugurated in Riyadh to attract talented entrepreneurs and innovative startups from Nur-Sultan and Central Asia to the Kingdom.
Menilbekov explained that since gaining independence, Kazakhstan’s GDP has grown 17-fold, with foreign trade reaching $139.8 billion last year. He added: “Since 1993, Kazakhstan has attracted a total of $441 billion in foreign direct investment, allowing our economy to remain one of the most dynamic in Central Asia and the post-Soviet region.”
According to Menilbekov, Kazakhstan is the world’s largest producer and exporter of natural uranium, responsible for more than 45% of global production and exports. He also noted that Kazakhstan produces 18 of the 34 raw materials identified by the European Union as “critical materials.”
Menilbekov further mentioned that Kazakhstan possesses 200 million hectares of agricultural land, with about 100 million hectares currently under regular cultivation.