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Asignal forMorocco’s development


TANGERMEDZONES


TANGER MED HAS BECOME A GLOBAL LOGISTICS HUB AT THE MEETING OF TWO CONTINENTS. ALEX IRWIN-HUNT REPORTS


His vision for “one of the greatest eco- nomic projects” inMorocco’s history aimedto capitalise on its geostrategic position through the creation of a


I


world-leading port and industrial platform. Almost two decades later, that vision has


paid dividends. TangerMedport and surround- ing network of six activity zones – which include free zones as well as other type of zones (industrial, logistics, services) – has garnered $10.1bnworthof public and private invest- ment, according to figures from TangerMed Special Agency (TMSA), the public authority established in 2003 to oversee the King’s vision for integrated regional development. “TangerMed consolidates the kingdomof


Morocco’s anchoring in the Euro- Mediterranean area and enhances its vocation as a pole of exchange between Europe and


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na 2003 speech,Moroccan King MohammedVI laid out a bold plan to revolutionise the economy.


Africa,” says JaafarMrhardy, amember of TMSA’s executive board and the general director of TangerMed Zones (TMZ), which operates the network of activity zones developed withina 25kmto 80kmradius of the port. Today,TMZhosts more than 1000compa-


nies from36 countries across several sectors— including automotive, aeronautics, electronics, logistics, services and textiles—and has created more than 80,000 jobs to date, according to TMZfigures. The success of TMZ in attracting new


inward investors and creating jobs for Moroccans has propelled it up fDi’s Global Free Zones of the YearAwards. In the 2020 ranking, TMZ regained its crownas Africa’s leading free zone and placed second globally—its highest ever standing.


Network of zones TMZ consists of six activity zones spread across Morocco’s northernmost Tanger-Tetouan-Al


www.fDiIntelligence.com December 2020/January 2021


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