The Consortium has already received the official communication approving its request for these funds from the Ministry of Industry
The Free Trade Zone will invest 38 to 40 million euros in the capital and will mean, in a first stage, the creation of more than 300 direct jobs
The large expansion and expansion project being carried out by the Cádiz Free Trade Zone has received another important support from the National Government following the official communication from the Ministry of Industry received at the Cádiz Institution on October 2, in which the request for Reindus aid requested by the Consortium was approved.
These Reindus Funds will allow the Free Trade Zone to expand and expand throughout the province and specifically in the city of Cádiz, the Tax Precinct will be able to have an additional 130,000 m2, with a planned investment of 38 to 40 million euros.
The Consortium foresees a rapid return on investment since the implementation of at least three important industries is contemplated in the first six months, which will mean the creation, in a first stage, of more than 300 direct jobs.
In fact, the delegate of the Free Trade Zone, Jorge Ramos, is already negotiating the implementation of these large companies in what will be the expansion of the Tax Precinct in the city of Cádiz and which will represent a major boost for the entire area.
This expansion in the capital will be an important milestone in the entire project, since the city as the embryo of the Free Trade Zone is the head and epicenter of the expansion.
The expansion project of the Free Trade Zone throughout the province contemplates the expansion from 300,000 to 1,300,000 m2, which will turn the Cádiz Institution into the first industrial focus of the province of Cádiz and will generate a strong economic movement in the three areas: Bahía de Cádiz, Jerez and Bahía de Algeciras.