Tangier-Tetouan: 97 investment projects for 31.7 billion DH during the first half of 2010
17 September 2010
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These projects will generate 47,892 permanent jobs.
The Regional Investment Center (CRI) of Tangier-Tetouan approved 97 investment projects worth 31.7 billion DH during the first half of 2010. This performance is largely due to the major infrastructure projects launched or inaugurated by His Majesty King Mohammed VI in this region.
These projects are a continuation of the major projects undertaken in the region, which have allowed it, in less than ten years, to become an attractive investment hub, according to a CRI press release.
The projects approved in the first half of this year will generate 47,892 permanent jobs, notes the CRI, adding that the industrial sector accounts for 34% of the total investment amount, with projects totaling 10.6 billion DH, followed by the construction sector with an investment of 10.1 billion DH.
The projects approved in 2009 are of great importance in terms of job creation, particularly for the industrial sector, which alone guarantees 71% of the planned jobs, or 33,744 positions, followed by the tertiary sector with 10,147 positions, or 21%.
Furthermore, the CRI indicates that among the flagship infrastructure projects completed during this period is the railway line rectification project between Casablanca and Tangier, which has reduced the travel time between these two cities by one hour. On the other hand, the high-speed train will also contribute to improving accessibility to the Tangier-Tetouan region.
In addition, there is the inauguration of the Tangier Med passenger port, costing 2.2 billion DH and with an annual capacity of 7 million passengers, 2 million cars and 700,000 trucks, according to the press release.
Industrial reception structures have also been strengthened with the launch of the Tetouan Shore integrated industrial platform, an offshoring park targeting high value-added professions and likely to create new opportunities for the university.
Costing one billion DH, this park will generate some 10,000 jobs and positions itself as a nearby alternative for European offshoring.
In terms of energy, this year was marked by the inauguration of the Tangier I "Dhar Saadane" wind farm. With a capacity of 140 MW, this park required a total investment of 2.75 billion DH, part of which was financed by the European Investment Bank, the Spanish ICO, and the German KFW bank.
Tourism is not to be outdone, since the first half of 2010 saw the launch of the redevelopment project for the port of Tangier city. This is a major project that aims to make this port one of the leading marinas and cruise ports in the Mediterranean.
This project also aims to promote new services through the opening of spaces for receiving passenger ships and pleasure boats, in addition to a space reserved for hotel and tourist activities, recalls the CRI.
Published and put online on September 17, 2010
Lavieeco.com
The Regional Investment Center (CRI) of Tangier-Tetouan approved 97 investment projects worth 31.7 billion DH during the first half of 2010. This performance is largely due to the major infrastructure projects launched or inaugurated by His Majesty King Mohammed VI in this region.
These projects are a continuation of the major projects undertaken in the region, which have allowed it, in less than ten years, to become an attractive investment hub, according to a CRI press release.
The projects approved in the first half of this year will generate 47,892 permanent jobs, notes the CRI, adding that the industrial sector accounts for 34% of the total investment amount, with projects totaling 10.6 billion DH, followed by the construction sector with an investment of 10.1 billion DH.
The projects approved in 2009 are of great importance in terms of job creation, particularly for the industrial sector, which alone guarantees 71% of the planned jobs, or 33,744 positions, followed by the tertiary sector with 10,147 positions, or 21%.
Furthermore, the CRI indicates that among the flagship infrastructure projects completed during this period is the railway line rectification project between Casablanca and Tangier, which has reduced the travel time between these two cities by one hour. On the other hand, the high-speed train will also contribute to improving accessibility to the Tangier-Tetouan region.
In addition, there is the inauguration of the Tangier Med passenger port, costing 2.2 billion DH and with an annual capacity of 7 million passengers, 2 million cars and 700,000 trucks, according to the press release.
Industrial reception structures have also been strengthened with the launch of the Tetouan Shore integrated industrial platform, an offshoring park targeting high value-added professions and likely to create new opportunities for the university.
Costing one billion DH, this park will generate some 10,000 jobs and positions itself as a nearby alternative for European offshoring.
In terms of energy, this year was marked by the inauguration of the Tangier I "Dhar Saadane" wind farm. With a capacity of 140 MW, this park required a total investment of 2.75 billion DH, part of which was financed by the European Investment Bank, the Spanish ICO, and the German KFW bank.
Tourism is not to be outdone, since the first half of 2010 saw the launch of the redevelopment project for the port of Tangier city. This is a major project that aims to make this port one of the leading marinas and cruise ports in the Mediterranean.
This project also aims to promote new services through the opening of spaces for receiving passenger ships and pleasure boats, in addition to a space reserved for hotel and tourist activities, recalls the CRI.
Published and put online on September 17, 2010
Lavieeco.com
