After the success of its projects in different Spanish cities, the company, based in Galicia, considers the continuation of its development in Africa strategic and has chosen Morocco to establish its first factory outside Spain, the group said in a press release. This factory, located in the Benslimane region, will generate more than 60 jobs and provide services for all the hotel projects that the company develops on the continent. It will thus allow the group to strengthen its internationalization process with a production center close to the markets of the Mediterranean basin, Africa and the Middle East, underlines the same source … More

The updated decree relating to the terms of application has just been published in the latest Official Bulletin (No. 7365 of December 30, 2024). Thus, to benefit from the VAT exemption, the structures concerned are required to submit an exemption request via the portal of the General Directorate of Taxes (DGI) according to the model established by the administration … More

A new shopping giant is about to enter the commercial landscape of Rabat. The Capital Mall, supported by the Emirati group Bin Ham, is indeed about to be completed. The work, launched less than two years ago in the Souissi district, shows a progress rate of 80%. The inauguration is scheduled for the second half of 2025. With its 22,000 square meters of built surface and a thousand parking spaces, the Capital Mall promises to be a major player in commerce in the administrative capital. It will position itself as the second largest shopping center in Rabat, behind Arribat Center and its 45,500 m² … More

The year 2024 will have been a record-breaking year for the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC). This is evidenced by the figures presented at its board of directors meeting, held this Wednesday, December 25, under the chairmanship of Ahmed El Bouari, Minister of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, in the presence of Abdellatif Loudiyi, Minister Delegate in charge of the National Defense Administration. Presented by the agency’s Director General, Karim Tajmouati, these indicators speak volumes about the ANCFCC’s performance, the all-out modernization of its operations, and the extent of its contribution to the state budget. For the year 2024 alone, this contribution was 6 billion dirhams… More

The Real Estate Investment Trusts (OPCI) sector has reached a new milestone, surpassing 100 billion dirhams in assets under management for the first time. Since the launch of the first OPCI management company in 2019, this market has experienced continuous growth. After exceeding the 10 billion dirham mark in assets in 2021, it stabilized around 50 billion between 2022 and 2023 before entering a new phase of acceleration. This growth has recently been supported by the State, which leverages OPCIs as a tool to free up financial capacities, as well as by institutional investors attracted by the opportunities offered by this investment product.

With a size representing nearly one-sixth of the Collective Investment Schemes in Transferable Securities (UCITS) market, the OPCI sector stands out for its impressive dynamism and remarkable growth potential. The State plays a central role in this expansion by adopting OPCIs to diversify its financing mechanisms. By 2025, it is projected that over 30 billion dirhams will be raised through these funds, further enhancing their appeal to investors. Moreover, in a context marked by declining bond yields, OPCIs have emerged as an attractive alternative. They often provide higher returns than treasury bonds while relying on high-quality underlying assets, which mitigates risks. These characteristics, combined with revenues from solid public and private counterparties, give OPCIs a notable competitive edge over traditional fixed-income products.

The development of OPCIs is also underpinned by stringent oversight from the Moroccan Capital Market Authority (AMMC). Similar to other regulated asset classes, this strict framework ensures transparency and stability within the sector, attracting a diverse institutional clientele. To date, the market remains predominantly dominated by qualified investors, though a few individuals also participate.

The real estate assets held by OPCIs are characterized by high occupancy rates, ensuring secure returns. According to 2024 data published by the AMMC, the physical occupancy rate for all managed OPCIs exceeds 90%. Among the most successful categories are administrative buildings, tourist and leisure establishments, and properties dedicated to education or training. However, OPCIs with diversified investment strategies show an average rate slightly below the overall market average.