HM King Mohammed VI launched, yesterday, another mega project consisting of building a multi facet eco-friendly city in Tangier, northern Morocco, named after him; “Mohammed VI Tangiers Tech City”. The Chinese aeronautics and construction giant “HAITE” will do the job in ten years.
The king kicked off a highly valuable strategic partnership with china by the visiting the world superpower last year. This project among others was agreed upon as it allows Morocco and China to build new economic bonds. This new city will contribute to the rapid development of economic activities in Tangiers and all the northern region in the Kingdom
President of HAITE groupe Li Biao underlined, during the launching ceremony that Morocco has become, thanks to its solid and multiple assets, a hot destination for Chinese businessmen.
In fact, Morocco’s political and social stability, with an economy that is open on the world and well integrated in international value chains, and the presence of world’s industrial leaders in competitive sectors, make the country the ideal investment environment for Chinese investors, he said.
Biao noted that the choice of Tangiers to host this project is due to the central geographical position of the city at the crossroads of continents (only 15 km from Europe) and its well-developed infrastructure, namely the Tangiers Med port and associated facilities.
This new project involves building an economic pole that would generate 100,000 jobs (90,000 jobs will benefit the inhabitants of the Tangiers region). It consists of constructing 200 Chinese companies operating in the automotive manufacturing, aerospace industry, aviation spare parts, electronic information, textiles, machinery manufacturing and other industries. The total investment of companies in the area after ten years will reach 10 billion dollars, Biao said.