4 days ago
Morocco Signs Deals for Eight New Sustainable Industrial Projects
Rabat – Several partnership agreements were signed Tuesday in Rabat for eight projects selected under the second edition of the Sustainable Industrial Zones Fund (FONZID II).
The projects were chosen through a national call for proposals and represent a total investment of nearly MAD 989 million, including MAD 138 million in funding from the FONZID II.
The goal is to increase the supply of high-quality industrial land by creating, expanding, and upgrading industrial zones that meet sustainable, inclusive, and competitive standards.
The selected projects include the creation of a new industrial zone in Oued Zem, the creation of an economic activity zone in Ameur, the development of a sustainable industrial park in Taroudant, and upgrading the industrial zone of Ait Melloul.
It also includes renovating the Ain Chkef multi-service industrial zone, developing an industrial park in Mohammedia, turning an industrial zone in the Tangier-Tetouan-Al Hoceima region into a green zone, and creating a 'Fertiparc' industrial area in Khouribga.
Ryad Mezzour, Minister of Industry and Trade, attended the signing ceremony. The signed agreements support the government's goal of building a new model for sustainable industrial zones, he said, adding that the initiative will boost investment and help improve the economic, social, and environmental performance of businesses in Morocco.
'These projects are important examples of success,' Mezzour added. 'They are part of our efforts to make Morocco a regional leader in sustainable industry.'
Akram Allaoui, Director of Industrial Zones at the Ministry, noted that the new agreements aim to achieve three main goals, including modernizing existing industrial zones, developing new ones, and creating zones dedicated to trade.
FONZID II provides funding that can cover up to 50% of the total cost, with a maximum of MAD 30 million for new or expanded zones, and up to MAD 20 million for renovation projects. Tags: industrysustainable industry
