Africa > North Africa > Morocco > Siemens to Invest MAD 1.1 Billion in Tangier’s Automotive City

Morocco: Siemens to Invest MAD 1.1 Billion in Tangier’s Automotive City


German company Siemens plans to build an industrial unit to manufacture wind turbine blades in Morocco’s Tangier’s Automotive City (TAC).

The engineering giant will begin construction of the new plant in March 2016 for an estimated cost of MAD 1.1 billion, according to the Regional Investment Center (CRI).

The wind turbine blade facility will cover an area of 13 hectares with a production capacity of 600 blades per year and is expected to employ 670 people, L’Economiste reported in its Monday issue.

“It is a pride for the region to host a project of this scale, not only in terms of cost of investment and job creation but particularly in terms of acquiring expertise in a specialized field as is that of renewable energy,” CRI Director Oumar Chräibi told the same source.

Siemens is part the companies short-listed for the construction of wind farms totaling 850 megawatts of power productions.

The German company’s new plant at Tangier Med’s TAC is scheduled to be in operation by February 2017, the daily noted.
The German multinational has been established in Morocco for 56 years, contributing to technological and social developments and economic increase.

According to Siemens Morocco, the enterprise operates in several domains such as “transportation, metallurgy, energy transmission and distribution, software design and production, renewable energy and healthcare”.

Related Articles
  • ‘Betting on Africa to Feed the World’

    2017/10/17 The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration.
  • World Teacher’s day: Gov’t urged to improve teachers’ productivity

    2017/10/16 Cameroonian teachers nationwide have exhorted the Cameroonian government to empower teachers with the requisite tools to be able to deliver their best in the present fast-paced world. While commemorating the 23rd edition of world teacher’s day today, the teachers noted that the theme for this year’s celebration, “Teaching in Freedom, Empowering Teachers,” reaffirms that peace and security are needed for the development of any country.
  • Africa's Economic Future Depends on Its Farms

    2017/10/16 At the same time as the economies of Nigeria and South Africa recently rebounded, it wasn't oil or minerals that did the trick. It was agriculture. Faster and additional sustainable agricultural increase is crucial not only to the continent's economy, but as well to its ability to feed and employ its surging people. Agriculture still accounts for a quarter of gross domestic product and as much as two-thirds of employment in sub-Saharan Africa. In fact, agricultural increase has the biggest impact on non-farm gain and reducing poverty.
  • Uber and African’s economic transformation

    2017/10/16 WHEN Uber was initial established in 2009, its mission was to help people everywhere get a ride, safely, quickly and at the push of a button. Eight years later, that mission remains the same and Uber’s innovative, technology-driven business model is still fundamentally changing the way people think about conference their transport needs. For the completed four years, Uber has been delivering this same level of transformation across sub-Saharan Africa, SSA, and with additional than 1.8 million active riders using the app, Uber certainly has reason to celebrate its fourth anniversary on the continent this September. Uber And it’s not just Uber that has benefited from the stellar uptake of its convenient offering in Africa.
  • Morocco replaces Kenya to host CHAN 2018

    2017/10/15 CAF’s Emergency Committee chaired by president Mr Ahmad Ahmad, met on Saturday in Lagos, Nigeria, and unanimously decided to grant the organization of the fifth edition of Africa second tier’s football competition to the Royal Moroccan Football Federation. The cities of Casablanca, Agadir, Marakech and Tangier have been selected to host the biannual tournament.