Tanger Med Group, Morocco’s largest port complex, is expected to reap a healthy MAD 9.8 billion (USD 990 million) in revenues in 2025, according to an official report.
Indicating an impressive growth trajectory, the report forecasts Tanger Med Group’s revenues further climbing to MAD 10.22 billion (USD 1 billion) in 2026 and MAD 10.83 billion (USD 1 billion) in 2027.
In the first half of 2024, the group reported revenues of around MAD 5 billion (USD 506 million), a robust 21% increase over the same period last year. By the end of the year, total revenues are forecast to be around MAD 9.29 billion (USD 940 million).
The group is planning additional infrastructure investments to the tune of MAD 2.2 billion (USD 222.7 million) in 2025, MAD 3.08 billion (USD 311 million) in 2026, and MAD 1.19 billion (USD 120 million) in 2027.
Key initiatives include expanding the Tanger Med Passenger Port and developing industrial zones.
In the first half of 2024, the group invested around MAD 388 million (USD 39 million). By year-end, it expects to have invested a total of around MAD 3.61 billion (USD 365 million).
While Tanger Med is the largest port facility in both the Mediterranean and African markets, the Tanger Med Special Agency (TMSA) operates a network of 24 container and bulk terminals across 10 Moroccan ports.