Morocco’s motoring industry goes into overdrive – The National

  • Date: 09-Dec-2022
  • Source: The National
  • Sector:Industrial
  • Country:UAE
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Morocco’s motoring industry goes into overdrive – The National

Morocco’s Tanger Med port, just 15km from the European mainland, has become an example of how an African country can use its maritime location and gain access to lucrative global markets.

Near Tangier across the Gibraltar Strait from Spain, Tanger Med was built in 2007 with an initial investment of €1 billion and has grown to become the backbone of Morocco’s industrial development.

Now it is helping Morocco to drive its motor business, which is fast becoming the country’s leading industrial sector. It is valued at $4 billion in 2021 and expected to reach $5.5 billion by 2027.