Nador West Med: Marsa Maroc, TIL Ink Partnership Agreement

Marsa Maroc and Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Company (MSC), the world’s leading shipping group, signed a partnership agreement under which TIL will acquire a stake in the concessionary subsidiary of a container terminal at the port of Nador West Med.

“Upon finalization of this agreement, which is subject to the approval of the relevant authorities, the shareholding structure of the terminal’s concessionary 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”, Marsa Maroc said in a press release.

In June 2024, Marsa Maroc signed the concession agreement for a container terminal at Nador West Med.

With 1,520 linear meters of dock, a depth of 18 meters and 70 hectares of open land, this terminal will offer 3.4 million TEUs at full capacity. Commissioning of the new terminal’s first phase is scheduled for early 2027.

Partnership with the MSC Group illustrates the ability of Marsa Maroc, which is successfully implementing its strategic plan to 2030, to join forces with internationally renowned partners in development projects, the press release said.