Marsa Maroc announced that it has concluded a strategic agreement with Spain’s Boluda Corporacion Maritima, under which the Moroccan port operator will acquire 45% stake in the Spanish group’s port terminals arm, as part of efforts to strengthen its international expansion and consolidate its presence beyond the domestic market.
According to an official statement from Marsa Maroc, the transaction is valued at around €80 million and involves the acquisition of a major shareholding and voting rights in Boluda Maritime Terminals (BMT), which specializes in the management of port terminals.
The statement said the deal was approved by Marsa Maroc’s Board of Directors during its meeting held on November 19, 2025, and remains subject to final approval by the relevant authorities. It added that the transaction falls within the company’s new strategy aimed at accelerating its geographic expansion and reinforcing its position as a regional and international port operator, particularly in the Mediterranean area.
Boluda Maritime Terminals has a strong presence in the Spanish market, operating in nine ports located between the Iberian Peninsula and the Canary Islands, the statement noted, giving Marsa Maroc direct access to a strategically important port network.
In this context, the statement added that BMT’s terminals handled more than one million TEUs in 2024, reflecting the company’s weight in managing maritime flows between the Iberian Peninsula and the Canary Islands, as well as its central role in regional logistics supply chains.
The strategic partnership aims to create synergies between Marsa Maroc and the Boluda group, particularly in port terminal management, logistics services and operational performance improvement. Both parties stressed that the partnership is based on strong strategic alignment, driven by a shared objective of strengthening their presence along the Morocco–Spain corridor, one of the most important maritime routes across the Strait of Gibraltar.
The agreement also seeks to expand cooperation at the international level, especially in Africa, which the statement described as a promising area for the development of port and logistics activities in the coming years. The deal marks a key milestone in Marsa Maroc’s trajectory, reinforcing its presence on both sides of the strait and confirming its gradual transition from a national operator to a regional and international port player.
The statement further noted that Marsa Maroc currently manages 34 terminals across 20 ports, reflecting sustained expansion of its activities in recent years, both within Morocco and abroad. The company also operates 25 port terminals in 11 ports, with annual traffic exceeding 60 million tonnes, positioning it among Africa’s leading port terminal operators.
