MARSA MAROC AND TIL, A SUBSIDIARY OF MSC GROUP AND THE WORLD’S LARGEST SHIPPING COMPANY, ENTER INTO A PARTNERSHIP AGREEMENT ON NADOR WEST MED

Marsa Maroc and Terminal Investment Limited (TIL) have signed a partnership agreement for the latter to acquire a stake in the subsidiary holding the concession for a container terminal at Nador West Med port.

Upon finalization of this agreement, which is subject to approval by the relevant authorities, the shareholding structure of the terminal concessionaire subsidiary would consist of TIL, holding 50% minus one share, and Marsa Maroc, holding 50% plus one share of the share capital and voting rights.

In June 2024, Marsa Maroc signed the concession agreement for a container terminal at Nador West Med. This terminal, with 1,520 linear meters of quay, a depth of 18 meters, and 70 hectares of land, will offer 3.4 million TEU at full capacity. Commissioning of the first phase of the new terminal is scheduled for early 2027.

Marsa Maroc is successfully implementing its ambitious 2030 strategic plan. This partnership with MSC Group, the world’s leading shipowner, illustrates Marsa Maroc’s ability to associate internationally renowned partners with its development projects.