Morocco: Maccaferri enters a joint venture to open a production plant in Salé
The Maccaferri Group has announced a joint venture with a Moroccan company, Marita Immobiliere. The Italian group will hold a 55% stake in the partnership that will roll out a line of gabions, metal fencing and “Reno” mattresses in the city of Salé. Maccaferri has been operating in the African Country for several years through its subsidiary Maccaferri Maghreb. This joint venture will enable the company to consolidate its activities in Morocco with an investment of nearly 8 million euros.
Morocco’s infrastructure sector offers important opportunities for foreign companies. The competent Ministry has developed an infrastructure expansion plan to be implemented by 2035, providing for the realisation of large works for the construction of roads, railroads, ports and airports. This plan will require an investment of 55 billion euros, to be raised through public-private partnerships.
The Italian group is part of the family-run Parent Company S.E.C.I., a company that operates in different sectors of activity (environmental engineering, mechanical engineering, real estate and constructions, energy, the food and agro-food industry) through subsidiaries, including Officine Maccaferri which recorded a turnover of 465 million euros in 2016, owns 30 plants in 4 different continents, has nearly 2,800 employees and commercial agents in over 100 Countries.
Marita Immobiliere is a Moroccan Holding Company operating in the industrial, real estate, and energy sectors, and in the area of the environment, mobility and education, with 7,600 employees and an investment plan of 1.7 billion euros up to 2023.