π Tender Overview
Scope of Work:
To Build High-tech City near Northern city of Tangier.
Description:
The 2,167ha tech city is expected to host around 200 Chinese companies, with the aim of creating a sustainable, integrated, and intelligent industrial city that will inject a new dynamic into the economic activities of the kingdom and consolidate its anchoring in the Euro- Mediterranean.
The project will include a 947ha industrial acceleration zone where the main manufacturing plant will be located, as well as a 1,220ha smart city made up of residential, leisure, tourism developments, as well as the public infrastructure necessary for the proper functioning of the city. The businesses will be in a number of sectors, including automotive, aerospace, textile, electronics and machinery factories on the site.
The tech city was first announced in Beijing in 2016, and officially launched in a blaze of publicity in March 2017, only to be quietly abandoned in 2018. The plan was to invest $1bn in a 10-year project to build a manufacturing and technology hub. It was originally sponsored by Haite Group, which is primarily an aviation company based in Chengdu, and Moroccoβs BMCE Bank of Africa. However, Haite withdrew from the scheme, reportedly over problems with its scale and a dispute over who would own the completed asset. Completion of the city is now scheduled for 2027.
Tanger Tech Mohammed VI city will be constructed in three phases covering up to 700 hectares out of 2,000 hectares in total. Work has already started to connect the city to roads, electricity, water, and rail. The government of Morocco will grant tax incentives to companies operating in food industries, automotive, aeronautical, renewable energy, chemical, and textile.
The tech city will also benefit from its Tanger Med Port which is currently still being expanded to enhance trade, additionally, Tanger Med launched new terminals on Friday, therefore, increasing its container handling capacity to about 9 million making it the largest in the Mediterranean Sea. There are hopes that the tech city will attract investments worth US $10bn and create over 100,000 jobs.