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.



French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)

People in France must work more, Finance Minister Antoine Armand said on Monday, adding that the fact that French people worked less than their counterparts in Europe was harming the economy due to lower tax contributions and social security payments.

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

"On average, a French person works clearly less than his neighbors, over the course of a year," Armand told C News TV.

"The consequence of this is fewer social security payments, less money to finance our social models, fewer tax receipts and ultimately fewer jobs and less economic growth."

France, the euro zone's second biggest economy, wants to cut its public deficit to a targeted 5% of GDP by 2025.

The country's 35-hour work week, introduced in 2000, has typically been fiercely defended by trade unions, while reforms to France's pension system have also faced widespread protests.

"Let's all work a bit more, collectively speaking, starting off by making sure that everyone respects the working hours that they have been given, in all sectors," Armand said.