The Minister of Industry and Trade, Ryad Mezzour, and the Minister of Economy and Finance, Nadia Fettah signed an agreement to finance the development of the Ain Bida Industrial Zone, located in Fez.
The framework agreement was signed with the Wali of the Fez-Meknes region, the president of the Fez-Meknes region, the director of State domains, the president of the Commune of Ain Bida, several officials of the region Fez-Meknes, such as the Director General of the Regional Investment Center, the President of the CGEM, the President of the Chamber of Commerce and the Director of the Regional Project Execution Agency.
The project will include a general industrial area, a wholesale trade area, an economic activity area, an area intended for the relocation of oil mills as part of the Oued Sebou depollution program and an area for the transfer of gas storage, and the access roads to the industrial zone will be redeveloped, through work in particular at the level of the road networks, indicates a press release from the department of Ryad Mezzour.
“The construction of this industrial zone will help to further boost the industrial fabric of the region and improve its attractiveness to investors,” said the Minister.
The industrial zone will extend over more than 80 hectares, and the project will require an investment of 200 million dirhams, jointly supported by the Ministry of Industry and Trade and the region of Fez-Meknes at the rate of 50%. for each.
The project will strengthen the supply of industrial land in the Fez-Meknes Region to best meet the needs of investors. It will also contribute to the rise in competitiveness of the region and the creation of new jobs, indicates the same source.