Chinese Wind Turbine Manufacturer Invests in Morocco’s Tanger Tech City Project

With 35% of the capital, the Chinese group China Road And Bridge Corporation (CRBC), a subsidiary of the Chinese giant China Communications Construction Company (CCCC) is now the shareholder of the Société d’Aménagement de Tanger Tech (SATT), reports L’Économiste. Aeolon, a Chinese manufacturer of wind turbine blades based in Shanghai, thus becomes the first foreign investor in the Cité Mohammed VI Tanger Tech after the formalization of CRBC in the capital of SATT. It plans to invest $140 million (about 1.3 billion DH) and intends to create 2,000 jobs.

CRBC is entering after the departure of the Haite group in 2018. After the transfer of the operationalization of the project to TMSA, several achievements have been recorded, particularly in terms of roads and infrastructure. In 2019, the first phase of 500 hectares of this project, which already has the status of a free zone, is almost complete. There are several lots ranging from 5,000 to more than 40,000 m² on the construction site.