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Tanger Business News – Automobile Industry.
Carlos Ghosin, Renault Nissan CEO said that the French and Japanese automotive plant can offer low-cost cars to the international market insisting on the fact that it is not possible to realize this level of production in Western European based manufactures as a result of high price factors. This is a highly vital success for Morocco and the industry sector.
Renault Nissan business agreement with Tangier free zone to make a €600M yard to form 200,000 cars by 2010 proved that the Plan Emergence which sees Morocco as a platform for producing and export to completely different regions could be a wise and way sighted one., More investment by the Group of another €200M to €400 M is foreseen relying on the level of car production. Renault Nissan manufacturing yard can be the most important at the crossroad of Europe and the Mediterranean area. This business venture can provide a potential of 6,000 straight jobs and up to 30,0000 related ones.
Delphi Automotive Systems Morocco Unit has generated work opportunities so so much in Tanger and nevertheless employs 2,289 workers and therefore the new Delphi Packard Systems Morocco Unit in the Tangier free zone that will use one,one fifty two workers. Delphi has become the largest automotive component manufacturer in Tanger. The Michigan based cluster gift in Morocco since 1999, employs 170,000 staff in 36 countries and selected Morocco as a result of of its attractive incentives for investment and its key geographical location.
Tax free business news update in Tanger hub.
Tangier Regional Investment Centre recently announced that they would assist in the formation of 796 enterprises during the first quarter of 2008. The biggest sector was services with 46.23 % followed by public works and building industry at 27.64% emphasizing Tangier’s property boom, trade at 19.9% and business 1.5%. This shows a healthy Moroccan business development in Tangier.
Tanger free zone currently hosts over 352 international companies including aviation , IT and automobile construction amongst several others provides a perfect location for foreign investors to line up producing plants which can export tax free to Europe and world wide locations via Tangiers Airport and also the Tangier med harbor. Business agreements concluded with the US, EU, Turkey, Egypt and Jordan give added impulsion to the business export effort.
Tanger’s geographical location makes it ideal for exporting to Europe, Africa, the USA and also the Middle and Far East. An example of this can be Morocco’s export of Logan’s automobile brand to Egypt in line with the Agadir agreement as announced via the Minister of Trade. Tunisia and Jordan will also be necessary markets for the Logan.
Cost effective manufacturing solutions can be found in Tanger Free Zone for the US automobile suppliers. So far, Delphi Group has created 3,441 jobs in 2008 through an agreement signed with the State Bureau for the Promotion of Jobs and Skills (ANAPEC).
Tags: automotive, car, exports, imports, tax
Posted in Taxes · March 9th, 2010 · Comments (0)
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