Bryan Sumner
Tanger Business News – Car Industry.
Carlos Ghosin, Renault Nissan CEO said the French and Japanese automobile factory can provide low-cost cars to the international market insisting on the fact that it is impossible to achieve this level of production in Western European based manufactures as a result of high price factors. This is often a highly vital success for Morocco and the industry sector.
Renault Nissan business agreement with Tangier med to create a €600M factory to make 200,000 cars by 2010 proved that the Plan Emergence which sees Morocco as a platform for manufacturing and export to completely different regions could be a wise and way sighted one., Any investment by the Group of another €200M to €400 M is foreseen depending on the level of car production. Renault Nissan producing factory will be the biggest at the crossroad of Europe and the Mediterranean area. This business venture can provide a potential of 6,000 straight jobs and up to 30,0000 related ones.
Delphi Automotive Systems Morocco Unit has generated job opportunities therefore so much in Tanger and yet employs 2,289 employees and also the new Delphi Packard Systems Morocco Unit in the Tanger med that will employ one,1 52 workers. Delphi has become the biggest automotive part manufacturer in Tanger. The Michigan primarily based group present in Morocco since 1999, employs 170,000 workers in 36 countries and chose Morocco as a result of of its attractive incentives for investment and its key geographical location.
Tax free trade reports in Tangier free zone.
Tanger Regional Investment Centre recently announced that they would assist in the formation of 796 enterprises during the primary quarter of 2008. The most important sector was services with 46.23 % followed by public works and building trade at 27.64% emphasizing Tangier’s property boom, trade at 19.9% and industry 1.5%. This shows a healthy Moroccan business development in Tangier.
Tanger med currently hosts over 352 international firms as well as aviation , IT and automobile construction amongst many others provides an ideal location for foreign investors to set up producing plants which will export tax liberal to Europe and world wide locations via Tangiers Airport and also the Tangier free zone harbour. Trade agreements concluded with the US, EU, Turkey, Egypt and Jordan offer added impulsion to the business export effort.
Tanger’s geographical location makes it ideal for exporting to Europe, Africa, the USA and therefore the Middle and Far East. An example of this can be Morocco’s export of Logan’s automobile brand to Egypt according to the Agadir agreement as announced via the Minister of Trade. Tunisia and Jordan can also be necessary areas for the Logan.
Cost effective producing options can be found in Tanger Hub for the US car manufacturers. So far, Delphi Group has generated 3,441 jobs in 2008 due to an agreement signed with the Nationwide Agency for the Promotion of Jobs and Competencies (ANAPEC).
Tags: automotive, car, exports, imports, tax
Posted in Taxes · March 11th, 2010 · Comments (0)
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Tags: bank saving, bank savings, first bank savings, sterling bank savings, union bank savings
Posted in Banking · March 11th, 2010 · Comments (0)