Ceuta Entrepreneurs Expand into Fnideq’s New Economic Zone

The 65 newly built warehouses in the economic zone of Fnideq have been allocated in December to entrepreneurs to carry out various commercial activities (food, clothing, household appliances, electronics, etc.). Nine or ten businessmen from Ceuta, or about 15% of the total, have each received a warehouse, according to sources from the Association of Residents of Ceuta to El Faro de Ceuta, adding that 65% of the warehouses have been allocated to industrialists from the city of Fnideq, and 20% to entrepreneurs from M’diq and Tétouan.

To read: article 89451

The Moroccan authorities had planned to reserve up to 30% of these warehouses for economic operators from Ceuta who were severely affected by the closure of the border with Morocco. But this quota has probably been revised downwards due to the strong demand from Fnideq entrepreneurs, estimates the association. For some residents of Ceuta, however, it is the rather high rent of these warehouses (around 50 dirhams per square meter) that has discouraged tenants, the area of the warehouses varying between 100 and 700 square meters, depending on the type of activities to be carried out.

The connections to electricity and water are the responsibility of the tenants. The economic zone of Fnideq is a project of the Moroccan government aimed at "revitalizing" the economic development of the region and creating a favorable environment for foreign investments.