HIBAPRESS
The regional institutional scene in the Tangier-Tetouan-Al Hoceima region is reinforced by the approval, today, Friday, of the establishment of "Tangier Sports Facilities Company S.A.", which officially bears the name TANGER REGION SPORT S.A.
The aim of this company, whose establishment was approved during two extraordinary sessions of the Tangier-Tetouan-Al Hoceima Regional Council and the Tangier Municipality, is to manage, operate, maintain, repair, prepare, and operate sports facilities that have been or are planned to be built in connection with the organization of the African Cup of Nations and the World Cup within the territorial scope of the Tangier-Tetouan-Al Hoceima region, and to rent and exploit the spaces and halls of the sports facilities for the organization of sports, cultural, and recreational events in accordance with the laws in force.
The company will also be entrusted with carrying out commercial and service activities directly related to the purpose of the company, including marketing and advertising, providing services related to the operation of sports facilities, and providing various services related to the organization of these events, and concluding partnerships and cooperation agreements with universities, clubs, sports federations, public bodies and institutions, and private actors.
The capital of this joint-stock company amounts to 20 million dirhams, with the capital distributed among the contributing partners: the Ministry of Economy and Finance (50 percent), the Tangier-Tetouan-Al Hoceima Regional Council (22.5 percent), the Royal Moroccan Football Federation (17.5 percent), and the Tangier Municipality (10 percent).
The Wali of the Tangier-Tetouan-Al Hoceima region, Younes Ettazi, confirmed in a speech during the extraordinary session of the Regional Council that this company, which is in charge of managing sports facilities, including the Grand Stadium of Tangier, is a new specialized institutional mechanism, stressing that it aims to "ensure the continuity and professionalism of managing these facilities."
He explained that the challenge of ensuring the readiness of these facilities in record time in preparation for Tangier hosting the African Cup of Nations had been won, considering that this company would win the bet of sustainable management according to a new approach that would be at the level of the achievements.
It is worth noting that the establishment of this company comes within the framework of keeping pace with the upcoming major sporting events, especially the 2025 African Cup of Nations and the 2030 World Cup.
