Tanger Free Zone: Best Industrial Free Zone Mediterranean 2016
A major business hub fully integrated with global logistics flows, the Tanger Free Zone (TFZ) is the industrial platform of Tanger Med – the biggest port of both Africa and the Mediterranean Basin, strategically located on the Strait of Gibraltar at the intersection of some of the world’s most important trade routes.
The Tanger Free Zone comprises a 3,000-hectare industrial park where already more than 500 companies operate facilities that generate an annual turnover in excess of €2.6bn. The TFZ is an extension to Tanger Med Port which has now become the preferred gateway to Europe, Africa, and the Mediterranean.
A public entity organised and run as a private corporation, Tanger Free Zone offers investors a value proposition that is hard to beat: a modern and fully up-to-date infrastructure, streamlined regulatory processes, competitive pricing, a comprehensive array of services, and a 5-year tax holiday for new investments.
Due to its privileged location, well-educated workforce, stability, and business-friendly policies, Morocco has attracted increasing volumes of foreign direct investment (FDI). The Tanger Free Zone fits in the overall picture of a country determined to fast track its development.
The CFI.co judging panel notes that Morocco’s northern tip is home to a thriving economy centred around the Tanger-Med port. The TFZ sits at the very centre of this hub and indeed drives the entire region’s development. The judges declare the Tanger Free Zone winner of the 2016 Best PPP Industrial Free Zone Mediterranean Award.
