A new investment in Morocco will improve transport infrastructure and boost trade:
The world’s third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa.
The new container terminal will have an annual capacity of five million 20-foot equivalent units (TEU), and APM Terminals has the right to operate the port for 30 years.
APM Terminals, a unit of Denmark’s shipping and oil group A.P. Moller-Maersk, is currently operating a port facility in Tangier that handled 1.7 million TEUs in 2015…[FULL STORY]