Tangier free zone firm set up

Four Moroccan private enterprises set up a firm dubbed "Tangier Free Zone" (TFZ) to manage and promote the Tangier free trade area.

The new firm was created by Banque Commerciale du Maroc (BCM), Banque Marocaine du Commerce Exterieur (BMCE) and the Societe Nationale d'Investissements (SNI) and the Compagnie Africaine.

The zone is part of the Tangier-Boukhalf Project that stretches over 345 hectares (ha), the Moroccan Industry department said, adding that another 129 ha industrial zone is under construction.

Part of its drives to consolidate the industrial infrastructure in the region, the department will create four industrial areas.

The program is destined to endow investors with quality services and an adequate frame for conducting their industrial projects.