Monday, January 24, 2011

Raylene Richards Friends

Atlantic Free Zone Kenitra: The overall progress of development works is at 50 pc (CRI)

The new industrial park and logistics Kenitra includes two industrial zones, an EPZ (199 ha), with tax and customs benefits, and an open area (146 ha) general and open to companies primarily targeting the domestic market.
In the export processing zone, several companies have expressed investment applications exceeding 1.5 billion dirhams, while in the Open Zone, investment intentions are around 63 million dirhams. These investments should enable the creation of 6,700 jobs, respectively, and more 300 jobs, says the ICC.
The project will be implemented over a total area of 345 ha in two installments. The first tranche bears a gross area of 192 hectares and will be ready around the third quarter of 2011.

For technical aspects, the In-site studies for this first installment, finished at 100 pc in the Open Area and Part EPZ, while Off-site studies are completed up to 90 pc , said the ICC.

The renovation in the Open Zone is developed at 70 pc and in the Free Zone to 25 pc, and the overall progress of the work is up to 50 pc.

The development of the new Platform Integrated Industrial Kenitra strengthens the competitiveness of the region of Gharb-Chrarda-Beni Hssen and strengthens its appeal.

Initiated under the National Pact for the Emergence of Industrial, Industrial Platform Integrated Kenitra part in the deployment of an Offer Morocco for activities related to global businesses of Morocco. It aims to provide the best reception areas for investors operating in these trades, especially in the automotive sector.

Besides a real estate offer the highest international standards and offer services varied and adapted to the needs of investors, part of the project have the status of EPZ.

The industrial component of the EPZ will be designed to accommodate, primarily, automotive suppliers, but also export-oriented activities such as agro-industry, textile industries and cook, metallurgical industries, mechanical , electrical and electronic industry including automotive, chemical and semi chemical and services.

Free Zone Kenitra include, also, a logistics zone, a railway station, a dry port (transport rail), Offshore Banking and training center for automotive trades that will be created in collaboration with educational partners and with international architectural and engineering studies were completed.

In order to simplify administrative procedures, a one-stop shop, run by a branch of the ICC to Kenitra and gathering the various key state services for investors, will, within a very short, carrying the actions of investors in the installation phase and the operational phase.

Enjoying the free zone status, companies that settled there, benefit from simplified customs procedures and attractive incentives, including through various tax benefits, "said ICC.

Regarding housing supply, developers of the project "Atlantic Free Zone" offering local buildings and turnkey industrial and office floors for industrial and services in all possible forms of transfer: Real Estate Leasing, Rentals long-term purchase.

The promoter group of the platform's integrated industrial Kenitra, composed of MEDZ company, a subsidiary of the Caisse de Depot et de Gestion (CDG), and society English Edonia + World +, just create a company that will be responsible for making the investment in this platform called Atlantic free investment zone (AFZI).


24/01/2011
(MAP) Maghreb Arabe Presse



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