Global Arab Network | Morocco: Tangier free zone ranks eighth worldwide

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Morocco: Tangier free zone ranks eighth worldwide

Thursday, 22 July 2010 16:24

London - The Tangier free zone was ranked eighth worldwide for 2010/2011, according to a global ranking of economic zones conducted by British magazine Foreign Direct Investment (fDi).

Since its setting up, the Tangier free zone has drawn investments of over 6 billion dirhams, says the magazine, adding that the free trade zone ranked second as best port zone, third as best airport zone and eighth in the category of best facilities.

It noted that economic zones based in the United Arab Emirates dominated the Free Zones of the Future 2010/11 ranking, with seven of the top 25 zones coming from the UAE.

Shanghai Waigaoqiao Free Trade Zone (WFTZ) topped the list, followed by the free zone of San Luis Potosi in Mexico.

The judging criteria were economic potential, cost effectiveness, incentives, facilities, transportation, fDi promotional strategy, port and airport.(MAP)

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