Morocco has witnessed a significant economic transformation, positioning itself as one of the leading investment destinations in the region. This is due to its political stability, strategic geographic location, positioning it as the link between Africa and Europe, and the open economic policies the government has implemented to encourage direct investment.
Saudi investor Sheikh Aziz Alzahrani, the chairman of AZ International Group, is among the prominent businessmen who have chosen Morocco as a central hub for expanding their activities. He confirmed that his group, which operates in six countries across 13 different sectors—including food manufacturing, medical centers, beauty and wellness, real estate and digital marketing, jewelry, clothing, and tourism—has achieved positive results in Morocco since launching operations there in 2017.
The group is currently planning to expand its investments further by opening a new factory in the Moroccan city of Tangier, with a cost exceeding 100 million dirhams. The facility will specialize in producing nuts, coffee, tea, chocolate, and spices—products that the company exports from its Saudi factories to eight countries, including the United States and the United Kingdom.
Alzahrani also expressed his confidence in Morocco’s investment environment, describing it as a nurturing ground for major projects. He cited the country’s investment charter, which offers tax and financial incentives of up to 30% of the project value, along with facilitation in profit and capital transfers and attractive tax exemptions in the early years.
Alzahrani confirmed that his group plans to offer shares of its parent company for public subscription on the Saudi stock exchange by 2029, along with listing some of its Moroccan subsidiaries on the Moroccan stock exchange by 2030. This comes as Morocco sees a surge in foreign investment inflows, which exceeded 39 billion dirhams in 2024. The country is clearly moving toward boosting the role of the private sector, with the aim of increasing the private sector’s share to two-thirds of total investments by 2035, with a particular focus on promising sectors such as industry, renewable energy, and real estate.
La rédaction/Le7tv