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Tanger Med ranked 2nd Global Free Zone in the world

The Tanger Med industrial platform was ranked 2nd Gobal Free Zone in the world by the FDI Intelligence of the Financial Times.

According to the ranking of the most attractive economic zones in the world for the year 2020 “FDI Global Free Zone of the Year”, Tanger Med Zones is consecrated 2nd world economic zone after “Dubai Multi Commodities Center”, in the United Arab Emirates, while it was ranked 5th in 2019, says the Tanger Med group in a press release. The report compares nearly 100 Free zones according to international benchmarks and measures the adequacy of their offer in the face of investors’ expectations.

The 3rd place in this world ranking goes to “Katowice Special Economic Zone” in Poland, and the 4th place to “Waigaoqiao Free Trade Zone” in China, it is specified.

“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,” said the press release. On this occasion, the Moroccan port complex obtained other important distinctions, including the 1st world prize “Large Tenant” for the category of major investment projects, the mention of world specialist in the automotive sector “Specialism Award in Automotive” thanks to the dynamism of an automotive ecosystem with around a hundred installed equipment suppliers, and the 1st African prize for SMEs “Free Zone of the Year for SME’s” thanks to the infrastructural offer and the commercial opportunities offered for this category of companies, adds the same source. 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 in 2019 and to date generates nearly 80,000 jobs.

This regional competitiveness platform, backed by the leading port complex in Africa and the Mediterranean, has significant assets and guarantees a value proposition in line with the expectations of global players. It stood out for the quality of its integrated services, the infrastructure to international standards and its unique geographical position offering investors a 14 km sea bridge to Europe and maritime connectivity to more than 180 ports and 70 countries, adds the Tanger Med group.

This consecration further strengthens the competitive positioning of the Tanger Med industrial platform in the reconfiguration of global supply chains, in particular in the Euro-Mediterranean space in the post Covid-19 perspective, the press release concludes.

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