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Morocco has launched a network of business parks in its underdeveloped north to lure hundreds of companies and create much needed jobs.
To draw investment and help lift the northern region around Tangier out of poverty, the Rabat government opened the North African country's largest container terminal near Tangier Mediterranean port complex and is setting up a chain of industrial parks and free trade zones nearby.
The parks will be geared towards industries such as auto parts, textiles, electronics and food production, which the government has targeted to expand its export potential.
Morocco has free trade agreements with the European Union and the United States and the government wants to turn the country into a platform of exports for foreign firms.
One of these parks dedicated to auto manufacturing will host Africa's biggest car factory, planned by the Renault-Nissan Alliance.
The project for low-cost vehicles was announced in September last year and involves a total investment of US$817 million in manufacturing capacity.
Some parks will be free trade zones allowing manufacturers to re-export what they make at lower cost while the others will offer companies streamlined administration and business services.
The park plan would ensure that Morocco's fast expanding port of Tangier Med would be put to full use.
The industrial parks would be clustered around the Tangier Med area and its adjacent logistics free zone that is called Med Hub.
The parks, to be built over 5,000 hectares, would be developed over several years.
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