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Royal Activities
Monday 20 March 2017

HM the King Chairs Ceremony to Present 'Mohammed VI Tangiers Tech City' Project

HM the King Chairs Ceremony to Present 'Mohammed VI Tangiers Tech City' Project

HM King Mohammed VI chaired, on Monday at the Marchane Palace in Tangiers, the ceremony to present the project of setting up the new city "Mohammed VI Tangiers Tech City" and sign the related draft agreement.

This new city will contribute to the rapid development of economic activities in Tangiers and all the northern region in the Kingdom. It is the fruit of the sovereign-led policy of economic partnership diversification with several countries, on the back of the many visits paid by HM the King to China, Russia, India and other African countries.

At the beginning of this ceremony, Minister of industry, trade, investment and digital economy Moulay Hafid Elalamy presented before the sovereign the broad lines of this large-scale project which is a materialization of the royal vision to develop and diversify Morocco's economic and political partnerships.

The project, carried out by the Tangiers-Tétouan-Al Hoceima region, HAITE Chinese group and BMCE Bank, is a concrete example of the Chinese-Moroccan partnership and will impact not only the said region but also the whole country, said Elalamy, adding that, upon the instructions of HM the King, the 2014-2020 industrial acceleration plan included a major strategic aspect linked to the Morocco-China industrial partnership.

The minister said that China has developed a noteworthy know-how in relation with Industrial and Smart Cities, noting that these cities integrate harmoniously industrial, commercial, entertainment and public utilities zones and provide them with high technology needed in modern life.

For his part, president of the council of the Tangiers-Tétouan-Al Hoceima region Ilyas Omari said that the "Mohammed VI Tangiers Tech City" project is in line with the royal will and will create thousands of jobs, transfer advanced technology, foster national economy's competitiveness and raise the region's economic status continentally and internationally.

President of HAITE groupe Li Biao underlined 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.

Speaking on the occasion, chairman of BMCE-Bank of Africa, Othman Benjelloun, said the project will contribute to the revival of the Silk Road, which is so dear to our Chinese partners and friends. This road will now pass through Tangier towards the rest of the African continent, Europe and America.

The Mohammed VI Tangier Tech City will be developed on 2,000 hectares. According to the preliminary plan, construction will be extended over a period of 10 years to create a new international smart city, integrating ecology, habitability, industry, vitality and innovation, with a total investment of 1 billion dollar.

The city, which had been the subject of a Memorandum of Understanding for the creation of an Industrial and Residential Park in Morocco between the Kingdom and the Chinese group HAITE, signed during the royal visit to China, will constitute a leading economic hub towards African countries and will consolidate the royal vision for mutually beneficial South-South cooperation.

Subsequently, HM the King chaired the signing ceremony of the Memorandum of Understanding on the creation of this new economic integrated city in Tangiers.

The ceremony, marked by the screening of an institutional film on the different steps of the Mohammed VI Tangier Tech City, as well as the presentation of a model of this avant-garde project, took place in the presence of the Head of government, HM the King's advisors, members of the government, a large Chinese delegation, and several high-ranking officials.

MAP 20 March 2017