The Consortium will invest 37.6 million euros in the operation and will have 130,000 m2 more in the capital of Cadiz
The State delegate in the Free Trade Zone of Cádiz, Jorge Ramos, and the CEO of the Altadis company, Juan Arrizabalaga Azurmendi, will sign next Thursday, March 5, the acquisition of the land occupied by the tobacco company in the capital of Cadiz, annexed to the Tax Precinct and which include the existing facilities there, and which will make it possible for the Free Zone to have 130,000 m2 more in the city of Cadiz.
This signing represents a decisive step in the process of expansion and expansion of the Tax Precinct, after the Executive Committee and the Plenary Session authorized the purchase of Altadis and the expansion of the precinct respectively in the sessions held on February 9. 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.
Ramos and Azurmendi will thus sign an essential milestone and news of great importance for the Consortium and for the city of Cádiz, since it will allow new companies, with whom conversations have already been held at a very advanced stage, to settle in this industrial enclave throughout 2015 and therefore increase the productive activity of the area.
The total investment that the Free Trade Zone will carry out in this operation will be 37.6 million euros, including the existing facilities and buildings on the land occupied by the former tobacco factory and which will have to undergo small modifications, such as exterior enclosures, installation of security cameras, etc., with the objective that the surface that will now be annexed to the Site meets the same conditions as it.
The expansion and expansion of the Free Zone is a project that comes to light thanks to the commitment and commitment of the Government of Spain, which is carrying out a significant investment effort in the province through different tools and specific plans. In fact, the Consortium has Reindus aid, from the Ministry of Industry, to carry out the expansion project both in Cádiz and in the rest of the province.