Motion graphic MEDZ – Moroccan Automotive Industry

Motion graphic MEDZ – Moroccan Automotive Industry


the Moroccan automotive industry is really rolling as it represents one-third of Morocco’s global industrial exports and includes numerous companies employing a broad segment of the workforce thanks to morocco’s various competitive advantages renault has set up to assembly plants with substantial production capacity in the cities of Casablanca and Tangier leading to an estimated investment of over 1 billion euros to accommodate this growth Moroccan authorities have taken a series of concrete measures in partnership with med Z Morocco’s leader in land development and industrial park management matt said has created Atlantic free zone an industrial business park with a free zone offering an array of advantages simplified customs procedures and unlimited tariff exemptions unlimited v80 exemption exemption from corporate tax for the first five years then a reduced rate of eight point seven five percent for the next twenty years fifteen year business tax exemption as well as exemption from stamp duties and registration fees transactions in foreign currencies are free with no restrictions on repatriation or conversion of capital Atlantic free zone park benefits from an excellent logistics connection enabling the Swift establishment of a sustainable automotive industry additionally the park offers competitive rates on custom-built industrial and logistics land and buildings along with a wide range of facility management services Atlantic free zone is already hosting several renowned automotive suppliers setting up fully operational manufacturing facilities employing a skilled workforce Atlantic free zone extends over 345 hectares between Quneitra and robot the capital of morocco through its privileged status alongside Africa Europe and America Morocco has become a crucial hub which offers a variety of attractive business opportunities open to many cultures and endowed with a strategically advantageous geographical location Morocco enjoys favorable political stability as well as many social economic advantages strong macroeconomic fundamentals ambitious government strategies world-class infrastructure and transport facilities a state-of-the-art airport network railways a motorway network 22 industrial platforms and tal j med port a young multilingual highly qualified population as well as financial fiscal and customs incentives in addition to the common law tax exemptions granted under agreements and contracts to be concluded with the state subject to fulfilment of criteria a host of advantages that makes Morocco the flagship destination for automotive industry investment today and tomorrow


Leave a Reply

Your email address will not be published. Required fields are marked *