UAE TO BUILD NEW MOROCCAN PORT

In comparison, vessel loading and unloading added just US$6.8m to the overall cost of moving goods through the port. The report also emphasises that US$11.7m in bribes were required to smooth the passage of export consignments through Chittagong.

The Moroccan king and a representative from the UAE Ministry of Defence have inaugurated the port of Tangiers-Mediterranean project, which includes construction of a large port and free zone. The initiative hopes to serve a population of 60m people in Western Europe, West and North Africa, as well as North America. The 3mTEU facility will require investment of ?1 billion and provide jobs for 145,000 people. Dubai Ports International has assumed responsibility for the overall development of the project and also for the training of Moroccan nationals it employs.