The Moroccan Office of Industrial and Commercial Property (OMPIC) said 7039 companies were established in the Tangier-Tetouan-Al Hoceima region during the first half of this year.
From January to June 2021, 4,615 corporate companies and 2,424 self-companies were established, including over 1,058 companies were created in January, 1,257 companies were set in February, 1,344 companies were created in March, and 1,128 companies in April, 1,049 companies in May, and 1,203 companies on June.
According to the legal nature of these companies, 50.9% are limited liability companies with a single shareholder legal nature, limited liability companies for 49%, while anonymous companies for 0.1%.
In terms of gender, 83.12% of the companies were founded by men, while 16.88% of the companies were founded by women.
According to the sectoral distribution, the trade sector represents about 38.77% of the companies established in this region, while 14.95% of the companies are in the field of miscellaneous services, 14.48% in the transport sector, and 13.47% in the construction and real estate activities sector, 8% in the industrial sector, 5.94% in the hotel and restaurant sector, 2.09% in the information and communication technology sector, 1.22% in the financial sector, and 1.08% in the agriculture and fishing sector.
The number of companies established during the same period in Tangier reached 4407 companies, 1238 companies in Tetouan, 457 companies in Larache, 265 companies in Al Hoceima, 242 companies in Ksar El Kebir, 140 companies in Ouazzane, and 132 companies in Chefchaouen, 87 companies in Assila, and 57 companies in Targuist, according to the same source.
Regarding the distribution according to the value of the investment, 83.8% of the companies have investments of less than MAD3 million, 9.2% have investments ranging between MAD3 million and MAD10 million, 5.4% have investments between MAD10 and MAD50 million, and 1.1% have investments between MAD50 and MAD175 million, and 0.5% have investments of more than 175 million dirhams.
Tangier is also home to Renault’s car factory, the biggest in North Africa, requiring an initial investment of 600 million euros ($785 million), tangiand is expected to reach an annual production capacity of 400,000 vehicles in the upcoming years.
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