Home Economy Atlantic Free Zone, a locomotive of “job creation”

Atlantic Free Zone, a locomotive of “job creation”

The director general of the French Development Agency (AFD), Rémy Rioux, highlighted, on Friday in Kenitra, the role of the free zone Atlantic Free Zone (AFZ) as a real engine of job creation.

Speaking on the sidelines of his visit to this area, Rémy Rioux was pleased to see so many companies established, i.e. nearly 40,000 jobs that have been created and an entire region that has been “completely transformed” both in its infrastructure than in its economic model.

“It was also crucial for us to see the very concrete impact of all of our investments”, he said, while highlighting the role of public development banks such as the Caisse de depot and de Gestion (CDG) and AFD in terms of co-construction and co-financing. Either large platforms with public means that allow both to deploy and to create wealth in the country, he said.

And to note that the AFD is at the end of the financing provided to “Medz”, adding that the purpose of this visit is not only to verify all that has been positively accomplished but also to discuss an upcoming operation to coming years. Earlier in the day, the CEO of AFD met with the Minister of Economy and Finance, Nadia Fettah Alaoui on major development and investment priorities.

AFD Group contributes to implementing France’s development and international solidarity policy. Composed of AFD, in charge of financing the public sector and NGOs, research and training on sustainable development, its subsidiary Proparco, dedicated to financing the private sector, and Expertise France, a cooperation agency technical, the Group finances, supports and accelerates transitions towards a fairer and more resilient world.




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