KUNA : Morocco’s Tanger Med…Int’l hub, portal to African continent – Economics – 11/06/2023 – Kuwait News Agency

KUNA : Morocco’s Tanger Med…Int’l hub, portal to African continent – Economics – 11/06/2023 – Kuwait News Agency

News report by Mustafa Al-Mereni

RABAT, June 11 (KUNA) -- The port of Tanger Med, strategically located at the intersection of the Mediterranean Sea and the Atlantic Ocean on the strait of Gibraltar, has become a portal connecting the African continent to the whole world, as some 2.5 million containers pass through to reach the continent's nations.



Tanger Med, serving as a logistic, commercial, industrial and touristic port, is perhaps the largest economic Moroccan project, established with the highest of international standards and with contributions from the State of Kuwait.



Since its inauguration in 2007, the port has been steadily climbing ranks, most recently, it has been ranked fourth most efficient port in the world and most efficient port of the Mediterranean sea.



Tanger Med has surpassed longstanding international ports of Guangzhou, China or Japanese Yokohama port, Egyptian Port Said and American ports of Virginia and Miami.



The ranking, issued by the World Bank in cooperation with Standard and Poors Global Market Intelligence, aims to identify improvement opportunities that could ultimately benefit all stakeholders.



General Director of Port Authority Hasan Abqari attributed Tanger Med's high ranking to the cooperation and