Helen Writings
Tanger Business News – Automotive Industry.
Carlos Ghosin, Renault Nissan CEO said the French and Japanese car plant will provide low-cost cars to the international market insisting on the fact that it is impossible to achieve this level of production in Western European based manufactures as a result of high cost factors. This can be a highly important success for Morocco and the industry sector.
Renault Nissan manufacturing agreement with Tanger free zone to build a €600M factory to make 200,000 cars by 2010 proved that the Plan Emergence that sees Morocco as a platform for producing and export to totally different regions is a wise and far sighted one., Any investment by the Group of another €200M to €400 M is foreseen depending on the level of car production. Renault Nissan producing yard can be the largest at the crossroad of Europe and the Mediterranean area. This business venture will give a potential of 6,000 straight jobs and up to 30,0000 related ones.
Delphi Automotive Systems Morocco Unit has created jobs thus so much in Tangier and nevertheless employs 2,289 staff and also the new Delphi Packard Systems Morocco Unit in the Tanger free zone that can use 1,one fifty two workers. Delphi has become the biggest automotive part manufacturer in Tangier. The Michigan primarily based cluster present in Morocco since 1999, employs 170,000 staff in thirty six countries and chose Morocco as a result of of its enticing incentives for investment and its key geographical location.
Tax free business news update in Tanger med.
Tanger Regional Investment Centre recently announced that they would help in the creation of 796 enterprises during the primary quarter of 2008. The largest sector was services with 46.23 % followed by public works and building business at 27.64% emphasizing Tanger’s property boom, trade at 19.9% and business 1.5%. This shows a healthy Moroccan business development in Tanger.
Tanger free zone currently hosts over 352 international corporations together with aviation , IT and automotive construction amongst several others provides a perfect location for foreign investors to line up producing plants which will export tax liberal to Europe and world wide locations via Tangiers Airport and therefore the Tanger hub harbour. Industry agreements concluded with the US, EU, Turkey, Egypt and Jordan provide 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 is often Morocco’s export of Logan’s automobile brand to Egypt according to the Agadir agreement as introduced via the Minister of Industry. Tunisia and Jordan will conjointly be important areas for the Logan.
Cheap manufacturing options can be found in Tanger Free Zone for the US automotive suppliers. So far, Delphi Group has generated 3,441 jobs in 2008 due to an agreement signed with the Nationwide Organization for the Promotion of Jobs and Competencies (ANAPEC).
Tags: automotive, car, exports, imports, tax
Posted in Taxes · March 8th, 2010 · Comments (0)