TANGER FREE ZONE doc.em Inglês

Third phase of Tangier free trade zone launched
	Construction works of the third phase of the Tangier Free Trade Zone (TFZ) were launched by king Mohammed VI.
Construction works of the third phase of the Tangier Free Trade Zone (TFZ) were launched by king Mohammed VI. The project, worth MAD 430mln ($ 52.6mln), includes the development of an 80-ha area for car accessories manufacturing units, the construction of turnkey industrial plants, and the building of vocational training institutes. The project is aimed to reinforce the real-estate offer in the free trade zone, which was launched ten years ago, and provide it with modern equipment. Today, the TFZ counts some 400 businesses that generate 40,000 jobs and private investments estimated at MAD 5bln ($601.1 mln). The free zone and the recently launched large-scale Tanger-Med port are due to drain a lot of foreign investments, create jobs and boost economy in the region and nationwide. The second phase of the free zone launched in July 2006 was meant to create specialized industrial zones in trade, technology, car industry, aeronautics..., to hoist the added value of the TFZ. The Tanger-Med port is the largest port in the southern bank of the Mediterranean. Morocco hopes this big project will promote its opening on Europe and the world, and serve as a commercial transit hub between Europe and Africa. The construction of a motorway grid linking the cities of Tangier Casablanca and Agadir, southern Morocco, is in progress. The TFZ is situated at about 15 km from Europe. The industrial activities in the zone include food industry, textiles, metallurgic, mechanic, electrical, electronic, chemical, and para-chemical industries. The TFZ has up to now received several international groups such as Yazaki, Virmousil Maroc (www.virmousil.com), Volkswagen-Sumitomo, Lear Corporation, Delphi, Treroc, Coficab, Polydesin, Fujikura, etc...