The Norton Rose Fulbright firm advises the IFC and MIGA on a strategic partnership with Tanger Med, more than four billion dirhams under discussion

International law firm Norton Rose Fulbright assisted the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and a group of international financial institutions in entering into a strategic partnership with Tangier Med, the largest industrial port complex in the Mediterranean, Barlamane.com has learned. This partnership aims to expand the terminal for trucks and passengers.

The project, with a total investment of 400 million euros (4.3 billion dirhams), includes a loan of 197 million euros granted by the IFC, representing the first financing linked to sustainability in Morocco and the one of the first in the port sector in emerging markets. A consortium of lenders, led by JP Morgan, provided a €203 million commercial loan, guaranteed over 15 years by MIGA.

This initiative will strengthen Morocco’s strategic position as a major logistics and maritime hub. Tanger Med, the main container port in Africa and the Mediterranean, is connected to 180 ports in 70 countries. The expansion will handle more than a million trucks per year, up from 477,000 in 2023.

The Moroccan aspect of these deliberations was supervised by Alain Malek, partner, and Anne-Laure Bernard-Bouissières, legal advisor, according to our information.