World

Morocco plans $815m Tanger Med expansion as new port nears opening

RIYADH: Morocco is preparing an 8 billion Moroccan dirham ($815 million) expansion of the Tanger Med industrial port complex, further bolstering its Mediterranean cargo-handling and energy infrastructure as Nador West Med’s first terminal nears opening. King Mohammed VI reviewed both projects on Oct. 28, with Nador due to begin operating within days, according to a Royal Office statement. The new transshipment port, located in northeastern Morocco, has attracted 54 billion dirhams in public and