REG-Global Ports Holding PLC Awarded preferred bidder status for Casablanca Cruise Port

Global Ports HoldingAnnouncement

05/04/2024 07:15

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   Global Ports Holding PLC (GPH)
   Awarded preferred bidder status for Casablanca Cruise Port

   05-Apr-2024 / 07:00 GMT/BST

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   Global Ports Holding Plc

   Awarded preferred bidder status for Casablanca Cruise Port

   Global  Ports  Holding  Plc  ("GPH"  or  "Group"),  the  world's   largest
   independent cruise port operator, is pleased to announce that following  a
   public tender  process,  a majority-owned  consortium  (the  “Consortium”)
   between  GPH   (51%),   local   shareholder,   Steya   (40%)   and   Ocean
   Infrastructures Management (9%) has  been awarded preferred bidder  status
   for a  15-year  concession  agreement  with  Agence  Nationale  des  Ports
   (“ANP”), to operate the Casablanca new cruise terminal. The consortium and
   ANP will  now  work  towards  agreeing on  the  terms  of  the  concession
   agreement.

   Casablanca, Morocco’s largest city,  offers cruise passengers a  wonderful
   blend of traditional Moroccan culture and contemporary experiences. It  is
   also the cruise gateway to Rabat and the enchanting Red City of Marrakech,
   which will soon be within 1.2hrs reach with the new bullet train  project,
   set to be completed before the 2030 FIFA World Cup to be hosted jointly by
   Morocco,  Spain  and  Portugal.  From  historic  mosques  and  cathedrals,
   historical neighbourhoods to relaxing beaches and vibrant promenades,  the
   city offers visitors a wide range of experiences. Located on the Northwest
   coast of Africa, Casablanca is a  key stopover port for Canary Island  and
   West Mediterranean cruises,  as well as  crossing sailings between  Europe
   and the Caribbean. 

   Port investment

   The cruise port facilities recently underwent a EUR 60 million  investment
   in the cruise port infrastructure. This investment, which was led by  ANP,
   included the  construction  of a  new  cruise pier,  cruise  terminal  and
   maritime station to international standards, significantly increasing  the
   port's capacity. The port is now capable of handling ships up to 350m long
   and has  the cruise  port infrastructure  to welcome  400k passengers  per
   annum. Casablanca  Cruise  Port  is  expected  to  welcome  c150k  transit
   passengers in 2024, rising to c180k passengers in 2025.

    

    

   CONTACT                                                 
   For investor, analyst and financial media enquiries:    
   Investor Relations                                      
   Martin Brown                                            
   Telephone: +44 (0) 7947 163 687                         
   Email:  1 martinb@globalportsholding.com                

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB00BD2ZT390
   Category Code: MSCH
   TIDM:          GPH
   LEI Code:      213800BMNG6351VR5X06
   Sequence No.:  313679
   EQS News ID:   1873735


    
   End of Announcement EQS News Service

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References

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