Progress of Morocco’s Tanger Tech City Project Under Scrutiny

As part of this development project, the president of the region, Fatima El Hassani, received a Chinese economic delegation led by the vice-president of the China Communications Construction Company (CCCC)/China Road and Bridge Corporation (CRBC) group, Ping Xiaojun, and the general manager of the CRBC company, Shen Jie, according to a press release from the Tanger-Tétouan-Al Hoceima Regional Council. This meeting is part of the regular consultations organized by the project partners, said El Hassani, specifying that Morocco and China intend to make the city a successful model of partnership between the two countries in Africa and in the Mediterranean basin.

During the meeting, the economic, industrial and natural assets of the region, its geostrategic position as a hub connecting Europe and Africa, as well as the structuring projects it contains, such as the Tanger Med port and the high-speed line (LGV) connecting Tangier to Casablanca, which will be strengthened by the Mohammed VI Tanger Tech City project, were reviewed. The vice-president of the CCCC/CRBC group, Ping Xiaojun, for his part, indicated the important stages of the partnership with the Moroccan parties as part of the group’s opening up to the African market, hoping that the group’s investments will benefit more from the facilities to strengthen its presence in the region.

The position of Morocco as a popular destination for foreign investors was mainly addressed by Shen Jie, while expressing his company’s willingness to set up an investment project in the field of wind energy in order to help the economic dynamics of the region and participate in job creation.

To recall, the CCCC/CRBC group, the Tanger-Tétouan-Al Hoceima region and the Tanger Mediterranean Special Agency (TMSA) in Tangier, as well as Bank Of Africa (BMCE), had organized a virtual meeting last November to sign the investment protocol and the shareholders’ pact which allowed the formalization of the entry of CCCC/CRBC into the capital of the Société d’Aménagement de Tanger Tech (SATT), up to 35%.