Tangier Med zones, second special economic zone in the world

The FDI Intelligence service of the Financial Times has classified the Tanger-Med industrial platform (Morocco) as the second special economic zone in the world.

According to the 2020 ranking of the best free zones, Tanger Med is positioned behind Multi Commodities Center (United Arab Emirates), whereas it was ranked 5th in 2019. The 3rd place goes to “Katowice Special Economic Zone” in Poland, followed by the “Waigaoqiao Free Trade Zone” in China.

The report compares nearly 100 economic zones according to international benchmarks and measures the adequacy of their offer in the face of investor expectations.

Commenting on this result, the Tanger Med group, in a press release, indicated that “this is the first time that an African zone has occupied such a high place in this world ranking, which testifies to the tremendous rise of the network of activity zones developed by Tanger Med, the most important industrial-port complex in Africa, located on the Strait of Gibraltar ”.

In addition, the Moroccan port complex obtained on this occasion other important distinctions including the 1st world prize “Large Tenant” for the category of large investment projects.

Tanger Med Zones is developed over an area of ​​2,000 HA and includes six activity zones oriented around the automotive, aeronautics, logistics, textiles and trade. It has more than 1,000 companies representing an annual export business volume of 85 billion dirhams (approximately 9.2 billion USD) in 2019 and to date generates nearly 80,000 jobs.

Source link by https://www.financialafrik.com/2020/10/20/tanger-med-zones-deuxieme-zone-economique-speciale-au-monde/

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