Tanger Med Zones has been highly commended in fDi’s 2020 Global Free Zones of the Year, rising to second place from fifth in the 2019 ranking. This is the first time an African zone ranks that high in the ranking, which is testament to the tremendous rise of the network of zones developed by operator Tanger Med around the Tanger Med port on the Gibraltar Strait, one of Africa’s busiest.
full article https://www.fdiintelligence.com/article/78955
Tanger Med Zones is made up of four main ventures that form an integrated business proposition spanning automotive and manufacturing, logistics, and offshore services: the Tanger Free Zone, the Tanger Automotive City, the Tetouanshore and Tetouan Park. The whole complex generated Ä8.8bn worth of exports in 2019, up 10.9% from a year earlier, according to company figures. Overall, the zones hosted about 1000 export-oriented firms employing some 90,000 people at the end of 2019.
Operator Tanger Med Group strengthened the automotive cluster in 2019, which features top original equipment manufacturers (OEMs) such as Renault (Ford also has a purchasing department within the zone), by adding a 24,000-sq-metre automotive logistics platform and carrying out a first 120ha expansion of the Tanger Automotive City. Italian automotive supplier Magneti Marelli stood out among the companies that pushed through big expansion of local operations in 2019.