Ceuta, a city located on the northwest coast of Africa, has experienced a significant shift in its economic and productive activity with the support of the Government of Spain. Since 2018, the city has aimed to replace lost revenue from cross-border trade and position itself as a crucial economic player in the region. To achieve this goal, Ceuta is taking advantage of post-Brexit opportunities and responding to global market dynamics by transforming into a nerve center for the gaming sector online and attracting technology companies and the green sector.
Local institutions are implementing measures to support the establishment of new companies in Ceuta and provide training for specialized personnel. This change is necessary to seek new avenues for economic growth, especially after the cessation of cross-border commercial activities with Morocco. The city’s tax collection was significantly impacted when these activities, classified as “contraband” through Morocco, ceased.
The government of Juan Vivas is promoting comprehensive support measures to facilitate the establishment of new companies in Ceuta. The city has redoubled efforts to create an attractive ecosystem for technological investments, with a favorable fiscal regime and specialized training for new investors. These efforts aim to make Ceuta more appealing to technology companies and improve economic growth in the region.
Some companies, such as Entain and Flutter, have transferred their licenses to operate in Ceuta, taking advantage of the tax benefits offered by the city. The gaming sector online has attracted numerous companies to Ceuta, contributing to economic growth and job creation. The city recently hosted an event that attracted cutting-edge companies in the gaming sector online and other technology companies interested in establishing themselves in Ceuta.
However, the implementation of the gaming sector online in Ceuta has not reached complete political consensus. While the government supports it as a beneficial project for the city, some localist factions oppose its expansion due to moral and social concerns. However, despite this opposition, Ceuta continues to gain attractiveness as a destination for investors due to collaborative efforts from various administrations, organizations, and associations.
In conclusion, Ceuta’s strategic shift towards becoming an economic hub is driven by post-Brexit opportunities and global market trends. With support from local institutions and government initiatives aimed at creating an attractive ecosystem for technological investments
