Tangier Morocco to have a second Port

Morocco plans to build a new 14 billion dirham ($1.70 billion) port in Tangier.

The second port is expected to supplement another port opening in July that will be used to capacity within eight years, government officials said on Friday.

The project was endorsed by King Mohammed at a meeting of top government officials late on Thursday, they added.

The new port would be close to the Tangier Mediterranean port, which was launched in 2002 at a cost of about $2.0 billion and is due to be opened in July this year, to benefit from a network of roads, highways and rail lines linking to a free-trade zone nearby and to the rest of the country.

"The new port would be built at a cost of about 14 billion dirhams, almost half of the investment would come from private investors from Morocco and abroad," a senior official involved in the project planning said.

The port, with three container terminals, would have a capacity of five million containers and would also harbour a natural gas liquefaction terminal alongside a re-gasificaton facility, he and other government officials said.

The first port, officially known as Tangier Mediterranean Port, also houses a container terminal with a capacity of three million containers, oil storage, cereals terminal and other facilities.

The oil site will store at least 20,000 tonnes of petroleum products to be sold to local retailers along with offering petroleum products and services to ships docking at the port or crossing the Straits of Gibraltar.

"Work is expected to start in the second quarter of 2008," said a government official who did not want to be named.

"We knew from technical and other studies that the Tangier Med port would be saturated by around 2015.

That is why there is a need for a new port to be built," Said Elhadi, chairman of the Tangier Mediterranean Special Agency (TMSA), said earlier.

Elhadi, whose agency would oversee the new port planning and building, attended the meeting chaired by King Mohammed.

The two ports would have a combined capacity of up to 10 million containers, making the Tangier port complex one of the biggest in the world, Elhadi has said.

Elhadi, who was not immediately available for comment, has said the Tangier port complex would be one of the biggest and most competitive maritimes hub in the Mediterranean region.

The government has a plan to invest up to $18 billion for the 2002-2015 period to take advantage of its status as the only North African country linked with free trade agreements to the United States and the European Union.

Tangier lies on the North African coast at the western entrance to the Strait of Gibraltar where the Mediterranean meets the Atlantic Ocean off Cape Spartel. It is the capital of the Tangier-Tétouan Region.

Tangier is the second industrial center of Morocco after Casablanca. The industial sectors are diversified: textile, chemical, mechanical, metallurgical and naval.

Currently, the city has four industrial parks of which two have a statute of free economic zone

-Agencies-

View property borders website

Property Borders bring Moroccan Hospitality with British Professionalism to London's Streets

As passengers arrive outside Buckingham palace in licensed London taxi's her Royal Highness could be forgiven for thinking that Morocco has arrived in the mall, but if she looks deeper she will see its Property Borders the UK's leading Moroccan run property agencies new marketing campaign hitting some of London's most exclusive places like Harrods, Grosvenor House Hotel and the Savoy Hotel.

“The marketing campaign on London taxis is to highlight Morocco as an up market tourist destination as well as promoting Morocco as a holiday home/investment destination” comments Mustapha Mezouri a Moroccan director for Property Borders.

Morocco is currently going through fundamental changes with the government’s privatisation program in full swing the country is increasingly receiving large amounts of (FDI) foreign direct investment and funding from the (EU) European Union who are encouraged by Morocco's rapidly changing economic and social reforms.

Mustapha Mezouri says “the late King Hassan II had a vision Morocco will one day join the eu. This may be unlikely but morocco is already very closely aligned with the west, Morocco has been designated a major non-Nato US ally”

Mustapha Mezouri says “Property Borders are the first Moroccan run agency specialising in Moroccan property in London and we are very proud of this fact”.

As a Moroccan agency Property Borders are committed to promote Morocco and show the World what a truly fantastic place Morocco is to invest and visit. Most people who think of Morocco think it just a desert but Morocco is a country of contrasts from green hinterlands to majestic mountains where during the winter months you can ski.

Head for the imperial cites of morocco like Fees, Meekness, Marrakech & Rabat the capital of Morocco and see the real Morocco with all it century old traditions. If its open space you’re after head for the vast deserts.

For lovers of sport you will be spoilt for choice in Morocco and you will find it hard to keep the Moroccans away from joining you, Moroccan's are fanatical about their sports. Golf is very popular with some sublime course’s to play on at a fraction of the price one would expect to pay in Europe. If you’re a keen surfer head for the golden beaches on the Atlantic coastline to ride some amazing waves, Morocco has what seems like an endless coastline of incredible powdery beaches.

Fishing is also a great way to enjoy the lifestyle Morocco has to offer with an abundance of fish. Food is part of the Moroccan culture and the country is renowned for its sumptuous mouth watering food at giveaway prices.

Morocco has something for everyone so much so that Sir Winston Churchill Was quoted as saying "It is the most beautiful place in the world".

Property Borders are marketing property all across Morocco and you don’t need a budget of the likes of England captain Rio Ferdinand who along with his team-mates John terry and Gary Neville recently bought property in Morocco.

In Marrakech we are marketing the El Oasis de Marrakech a truly stunning development in the exclusive La Palmeraie area which offers exceptional value for money with excellent, cash flow positive payment options.

All financial issues have been addressed to present this unique mortgage and financial package....

• 25% Deposit 75% Loan to value
• 2 Years interest only mortgages on a 15 year term.
• 2 Years mortgage paid by the developer for the investor.
• 2 Years service changers paid by the developer
• 2 Years guaranteed net rental income at 3% per annum.
• 2 weeks free usage per annum*
• 2 Free plasma televisions fitted with every purchase before 1st June 2007.
• After the initial 2 year there is an option to renegotiate a rental program for a further 3 years.

Prices start at just £81,598

So if you find yourself dreaming of some Moroccan sunshine while being chauffeured around London in one of Property Borders exclusive London taxis and would like further information on living a Moroccan lifestyle or would like to discus the possibilities of investing in one of our many resorts do not hesitate to contact the UK’s 1st Moroccan property agency Property Borders.

This article is the copyright of propertyborders.com. Copyright: propertyborders.com 2007. No part of this article can be reproduced in any form whatsoever, without prior written approval or credit given to propertyborders.com.

View property borders website