Skip to content Skip to Search
Skip navigation

UK’s Global Ports to operate Casablanca cruise terminal

By Pramod Kumar
An artist's impression of the new Casablanca cruise terminal to be operated by a consortium led by the UK's GPH GPH
An artist's impression of the new Casablanca cruise terminal to be operated by a consortium led by the UK's GPH

A consortium led by British cruise operator Global Ports Holding (GPH) has secured preferred bidder status for operating a new cruise terminal in Casablanca.

The consortium was awarded a 15-year concession agreement with Morocco’s state-owned Agence Nationale des Ports (ANP).

The consortium and ANP are working towards finalising the concession terms, the London stock exchange-listed company said in a statement.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

GPH is the majority stakeholder with 51 percent, with Morocco’s Steya owning 40 percent and Spanish company Ocean Infrastructures Management holding the remaining nine percent. 

The cruise port infrastructure has undergone a €60 million ($65 million) upgrade, which includes the construction of a new pier, terminal and maritime station to global standards, significantly increasing the port’s capacity. 

The port can handle ships up to 350m long and can receive 400,000 passengers per annum. 

Casablanca Cruise Port is expected to receive 150,000 transit passengers in 2024, which may increase to 180,000 in 2025. 

Last week the company signed a 50-year contract to operate cruise services at the Liverpool Cruise Port, a major cruise destination for American and European travellers.

Latest articles

Taaleem's schools offer 'exclusive educational experiences' including access to high-tech equipment profits

Dubai school operator Taaleem increases profit by 55%

Dubai school operator Taaleem has reported revenue of AED945.2 million ($257.3 million) for its 2023-24 financial year – a 15.5 percent year-on-year increase. More student enrolments and the opening of new schools helped Taaleem to increase net profit before tax by 55 percent, to AED182 million, in the financial year ending August. Taaleem’s shares were […]

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]

Despite challenges to the economy, Kuwait's bank sector remained resilient, the country's central bank says

Kuwait’s economy holds up against challenges, says central bank

Robust spending and “long-due” structural reforms expected to accelerate following “recent political developments” will help Kuwait’s economy overcome some challenges, according to the Central Bank of Kuwait (CBK). Kuwait faced multiple challenges in 2023 in the face of high inflation, rising global interest rates and bubbling geopolitical tensions in the region, according to CBK’s 12th […]