The Kingdom of Morocco’s exceptional trade activities was at the center of this year’s Economic Report on Africa which presented the special industrial zones of Tangier as setting the region as a promising growing hub lead by sectors of trade, manufacturing, and logistics.
The report named “Urbanization and Industrialization for the transformation of Africa” was presented at The United Nations Economic Commission for Africa in Addis Ababa. The study emphasized the responsibility of Special Economic Zones in Tangier to enable the companies in gaining access to location economies.
Furthermore, it showed how the Kingdom gained success in the automobile industry by Tangier’s special economic zone which helped reap regular advantages of infrastructure, entry to markets in Europe and savings in location.
It adds that the development in Morocco’s automobile industry began in 2012 by Renault’s 2.1 billion dollar investment standing on a 280-acre location spot, thirty kilometers from Tangier with easy access to the city’s port.
The company’s plant provided more than 200 thousand vehicles in 2015. By the end of that year, it was able to employ and train 9600 personnel in Automotive Career Training Institute set up with joint support from Renault and government officers.
Reports have it that Renault primarily exports automobiles to Europe, markets locally and will shortly move its way toward Southern America. In 2013, the company grabbed 39% of the market share.
The rebirth on the automobile sector of Morocco has significantly intensified the capacity of the country’s export distribution, stimulated port trades and has made a supply chain including manufacturers equipment production, electrical and air-con systems.
According to this year’s Economic Report of Africa, more than 30 international subcontractors have put up plans close to Renault factory, launching their production in Tangier’s free zone.
Ford, a global company giant from the United States likewise executed it component trade in the region which provides the company’s car factories in Spain. About eighty percent of Morocco’s local auto companies are situated in Tangier and hires approximately sixty thousand employees according to the report, noting that a smaller set of vehicle factories are located in Casablanca which is mainly concentrated on local market production.
The auto sector in Tangier is part of a wider industrial group that gathers 4 free zones in or close to Tangier: Mellousa area where Renault’s base is settled, Tangier Free Zone, the business free zone of Fnideq and Tangier automobile city. In total, the zones cover almost three thousand hectares for industrial improvement and more than a thousand space area are at present serviced.
Other 2 industrial sites in Tetouan are dedicated to light industry including small to medium sized business and extraterritorial activities. These zones form an industrial development system within a span of eighty kilometers starting in the port of Tangier Med.
The district of Tangier likewise holds a number of industrial parks, becoming a promising foundation of growth pushed by trade, industry, and logistics.
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