Global Arab Network | Tetouan-shore: Morocco launches $ 111 million industrial zone

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Tetouan-shore: Morocco launches $ 111 million industrial zone

Sunday, 04 July 2010 12:39

King Mohammed VI of Morocco has launched in Martil (north) the development works of the integrated industrial zone "TetouanShore", worth nearly 1 billion dirhams ($ 111 mln).

The project, which is to generate some 10,000 jobs, is part of the implementation of the National Pact for Industrial Emergence (PNEI) that is meant to promote job-creation, increase the industry's GDP, bring down trade deficit and attract more foreign investments.

On this occasion, the Monarch was provided with information on the TetouanShore project, to be completed in three phases over 2010-2019 on a 20-hectare area.

It is one of the first new-generation industrial platforms specializing in customer relationship management (call center), business processes outsourcing (BPO) and computer maintenance development.

The project aims at developing computer service activities and data processing as well as boosting the economic and technological development in the region.

The companies that will be set up in TetouanShore will mainly benefit from tax incentives and competitive costs.

The PNEI consists of several measures focusing on key industrial sectors: auto industry, high-tech industry, aeronautics, services, telecommunications, and corporate governance. (MAP)

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