APM Terminals Opens New Terminal in Morocco

Monday, July 23, 2007
APM Terminals Tangier, S.A. and the Akwa Group, a Casablanca, Morocco-based partner have announced the opening of Morocco’s newest container terminal to serve the global trade in Morocco and the Western Mediterranean market. Located on one of the most important shipping arteries, the terminal will offer importers and exporters a new gateway to world markets. Over 200 vessels a day pass through the Straits of Gibraltar as they transit on north-south and east-west liner trade routes. Shipping lines will benefit from Tangier’s direct access to the main shipping lane, a deepwater port capable of handling the largest container ships in the world, the newest, most advanced container handling equipment and APM Terminals global best operational practices.

300 jobs have already been created and 700 are expected to be created by the end of 2007. 98% of all jobs are expected to be held by Moroccan nationals. The port project is tied to the largest ever infrastructure project in Morocco that includes new highways, railway lines and other infrastructures.

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