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Tuesday, June 18, 2024

Progress of Mohammed VI Tangier Tech City Project Under Review

The state of progress of the Mohammed VI Tangier Tech City project was discussed at a working meeting held Friday at the headquarters of the Tangier-Tetouan-Al Hoceima region.

This meeting, held between the President of the Regional Council, Omar Moro, the Deputy General Manager of the Chinese group CCCC/CRBC, Shi Xiaobo, and the commercial manager of the group, Liu Qi, was an opportunity to review the progress of this major project.

According to a statement from the regional council, Xiaobo reviewed the stages of completion of this important project on the administrative and legal levels and on the ground, highlighting the progress of operations aimed to attract Chinese investment in the industrial zone under development in Ain Dalia, near Tangier.

For his part, Moro expressed his firm commitment to the success of this major investment project, calling on the Chinese side and the management of the Development Company of Tangier Tech (SATT) to hold regular meetings to review the progress of the project and resolve any constraints that may hamper its implementation.

Morocco relies heavily on this project to attract investment and create employment opportunities, he said.

A framework agreement was signed in late July in Rabat, for the realization of the project. The agreement was signed between the Ministry of Industry and Trade, the Ministry of Economy and Finance, the Ministry of Equipment and Water, the Wilaya of the Tangier-Tetouan-Al Hoceima region, the Regional Council, the SATT, Bank of Africa, the Tangier Mediterranean Special Agency (TMSA) and the companies Beijing Zhonglu Urban Development Corporation, China Communications Construction Company LTD, China Road and Bridge Corporation LTD and CCCC Investment Company LTD.

The Mohammed VI Tangier Tech City project aims to create a sustainable, integrated and intelligent industrial city, with the objective of injecting a new dynamic into the Kingdom’s economic activities and consolidating its position in the Euro-Mediterranean area.

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