APM Terminals inks huge deal in Morocco – The Post

APM Terminals inks huge deal in Morocco

Maersk subsidiary investing in new terminal in Tangier

Maersk subsidiary forking out 5.6 billion kroner for a new terminal (photo: APM Terminals)
March 31st, 2016 5:07 pm| by Christian W
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APM Terminals has confirmed it has invested over 5.6 billion kroner in a new terminal in the Moroccan port city of Tangier.

The Maersk subsidiary has signed a 30-year agreement with the local port authorities, and the new terminal will be ready to use by 2019.

“APM Terminals has been in Morocco since the creation of our first company APM Terminals Tangier in March 2005 in partnership with AKWA Group and the start of port operations in July 2007.”

“APM Terminals MedPort Tangier will bring important innovation and future capacity into the West Med market on one of the world’s most strategic seaways: the Strait of Gibraltar,” said APM Terminals CEO Kim Fejfer.

READ MORE: APM Terminals investing billions into African port

African delights
The news comes in the wake of the company investing about 14 billion kroner into a new port in Bagadry, Nigeria – its biggest ever investment.