Casablanca – The Tanger Med Group is poised for significant growth in the upcoming year, with projected revenues reaching nearly $1 billion in 2025. This forecast is detailed in a recent report on public institutions and enterprises accompanying the 2025 finance bill, highlighting the group’s continued expansion and robust performance.

According to the report, Tanger Med’s turnover is expected to rise to approximately $1.01 billion in 2026 and $1.12 billion in 2027, indicating a strong upward trajectory. The first half of 2024 already saw the group generate around $515 million, reflecting a 21% increase compared to the same period last year. With year-end projections estimated at $958 million for 2024, the group is on track for a successful fiscal year.

Tanger Med Group’s planned investments for 2025 are significant, totaling $227 million, with additional allocations of $317 million for 2026 and $122 million for 2027. These investments will focus on critical projects, including the expansion of the Tanger Med Passengers port and the development of new industrial zones, positioning the group for continued growth.

In the first half of 2024, the group realized investments of $40 million, with year-end estimates suggesting a total investment of around $372 million. This ongoing commitment to infrastructure and development underscores Tanger Med’s role as a key player in both the Mediterranean and African markets.

As the largest port in the Mediterranean and Africa, the Tanger Med port complex handled an impressive 122.44 million tons of goods in 2023, a 13.6% increase from the previous year. The port also accommodated 2.7 million passengers, marking a 30% rise compared to 2022, as travel began to return to pre-pandemic levels.

Furthermore, the Tanger Med industrial platform attracted a total investment of $632 million, resulting in the creation of 14,500 new jobs. The establishment of 85 new companies in the economic activity zones contributed to this growth, generating an additional 9,439 jobs and highlighting the area’s potential as a hub for various strategic sectors, including automotive, aerospace, textiles, and logistics.

Through its strong growth forecasts and significant capital investments, the Tanger Med Group is solidifying its role as a leader in regional trade while making a meaningful impact on Morocco’s economic landscape. As it approaches 2025, the group is strategically positioned to sustain its momentum and achieve further advancements.