Foreign investors flee Tangier

The city of Tangier is losing its attractiveness for foreign investments. The reasons are multiple and intriguing.

Faced with certain difficulties, foreign investments are leaving or deciding to leave Tangier. This is the option made by a renowned Asian investor, specializing in the manufacturing of car speaker systems, which would have created 3,500 jobs. Faced with obstacles in obtaining the necessary authorizations to acquire land, he left Tangier and turned to Egypt, reports Rue20.