Siemens to invest MAD 1.1 Billion in Tangier’s Automotive…


Siemens to invest MAD 1.1 Billion in Tangier’s Automotive City

Tuesday, Dec 29, 2015

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 especially 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 among 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 growth.

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”.

Other News