Morocco and China to build a tech city in Tangier

King Mohammed VI presided yesterday in tangier the launching of a 10 billion project. Morocco and the Chinese Group “Haite” will build a new industrial and technology city of 2000 hectares.

Financed by the “Haite” group, BMCE Bank of Africa and the Moroccan government, the project aims to host 300,000 inhabitants and create 100,000 jobs. It is a site that will attract 200 multinational corporations and boost the economy of the region.

«'Mohammed VI Tangiers Tech City' is a huge strategic project», declared Moulay Hafid Elalamy the Minister of Industry, trade and new technologies during a ceremony hosted Monday by King Mohammed VI and attended by Li Biao, Chairman of the 'Haite' group and senior officials of the government.

King Mohammed VI signed the agreement to build the city in May 2016 during a visit to china. The visit resulted in signing other agreements that will lead to the development of the Moroccan Chinese business relations.