Tanger Med port invests $500 million to double truck terminal capacity

Sunday 13 July 2025 - 15:10

By: Dakir Madiha

Tanger Med port invests $500 million to double truck terminal capacity

Tanger Med, Morocco's largest port and a critical logistics hub in the Mediterranean region, has unveiled a $500 million (MAD 5 billion) project to expand its dedicated truck terminal. The initiative aims to double the terminal's capacity, aligning with the surge in Morocco's trade activity, particularly with its primary export market, the European Union.

In 2024, Tanger Med processed over 516,000 trucks, marking an 8.1% increase from the previous year. According to Mehdi Tazi, CEO of Tanger Med Port, the expansion will boost the terminal’s capacity to one million trucks annually, accommodating Morocco's growing exports in key sectors such as automotive, aerospace, and agri-food industries.

Strategic location and global connectivity

Situated on the Strait of Gibraltar in northern Morocco, Tanger Med serves as a vital logistics platform connecting over 180 ports worldwide. Spanning 3,000 hectares, the port complex integrates cargo and passenger terminals with economic zones, all powered entirely by renewable energy. The port plays a pivotal role in advancing Morocco's industrial and trade competitiveness in the region.

Financing and investment partnerships

The expansion is financed through international loans, including MAD 2 billion ($200 million) each from JPMorgan and the International Finance Corporation (IFC), a World Bank Group institution. The remaining funds will come from Tanger Med’s own resources.

The port has consistently attracted significant investments since its inception. By the end of 2024, cumulative investments reached MAD 130 billion ($13 billion), split between public and private sectors. The Tanger Med Group also invests approximately MAD 1 billion ($100 million) annually to enhance its infrastructure.

A leader in global trade

Tanger Med ranks first in Africa and the Mediterranean for container handling and 17th globally. In 2024, the port processed nearly 10 million containers, reflecting an 18.8% year-on-year growth. It remains a cornerstone of Morocco’s export strategy, particularly to Europe, and continues to host major industrial players, including Renault's largest plant in Africa and the Middle East.

CEO Mehdi Tazi highlighted the port's role as a driving force behind Morocco's export growth, emphasizing its contribution to positioning the nation as an industrial and trade leader in the Mediterranean and beyond.