Tanger Med Industrial Platform: 95 New Projects in 2020

Tanger Med Industrial Platform: 95 New Projects in 2020
Monday 3 May 2021 - 17:07

Tanger Med industrial platform ended the year 2020 with 95 new industrial projects, representing total private investments of 2.6 billion dirhams and generating 7,458 new job positions.

According to the Q1-2021 newsletter of the Tanger Med Group, these projects include French group Valor, the European leader in mechanical parts, the Japanese group Nippon Express, specializing in logistics and assembly of automotive parts, Emirates Logistics, a subsidiary of Sharaf Group and a pioneer in the provision of freight and logistics solutions, as well as the German group Stahlschmidt, specializing in the automotive wiring system.

However, business volume generated from the Tanger Med zones reached 59 billion in 2020, down by 16% compared to the previous year, due to the slowdown in the activity of several industrial units during the global health crisis.

The logistics flow generated in the Tanger Med industrial hub (including TIR trucks and containers) amounted to 322,361 units in 2020, up 6% compared to 2019.

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