DH 10 billion invested in 10 years

25 November 2013

Source : Le matin

Almost DH 10 billion invested by MedZ between 2002 and 2012. The subsidiary of CDG Group, which operates in the development of areas of specialized activity, has released an average of one billion dirhams a year to develop the majority of integrated industrial platforms (P2i) commissioned for the National Pact for Industrial Emergence.

"Today, the socio-economic impact of achievements of MedZ is convincing as the figures show: a contribution to GDP growth amounting to MAD 8 billion and creation of about 30,000 jobs," states Anass Houir Alami, Chairman of the Supervisory Board of MedZ, following the presentation of the 2012 Report of this "driving force"  subsidiary of the Infrastructure division of CDG.

It must be must be admitted that MedZ is now a leading player in the development of structuring areas of activity for offshoring, industry and logistics.
With high levels of investment, its contribution has indeed accelerated the pace of development of industrial areas in Morocco, bringing it to 200 hectares per year since 2009 instead of 40 previously.
In 2015, Morocco aims to establish a network of 16 integrated industrial platforms over 2,000 hectares across Morocco, 9 of which are sectoral. To date, more than 1,000 hectares were placed with planners and developers, with MedZ at the top.

Today, MedZ is 16 subsidiaries and associates, 12 industrial and logistics areas, 5 tourist areas, 4 offshoring zones (6 at the end), 270,000 sqm of offices to reach a target of 600,000 sqm in 2016, 1,700 landscaped acres and more than 200,000 potential direct jobs. Due to the global crisis that did not affect investment in these areas, the marketing in 2012 of various integrated industrial platforms was not up to the ambitions, as was repeatedly pointed out by the ex-Minister of Industry, Trade and New Technologies, Abdelkader Amara.
Still, the consolidated turnover (the majority of development projects are being held in MedZ subsidiaries) has reached more than MAD 819.20 million in 2012, against more than MAD 1.10 billion in 2011.
The corporate turnover fell to MAD 112 million, against 513 million in 2012, primarily resulting from the marketing of plots for industrial projects in Jorf Lasfar Agropole of Berkane, Business Zone of Ait Kamra and Industrial Zone of Gzenaya as well as a tourism project Zahrat Annakhil.
Operating income of MedZ in 2012 (corporate) is MAD 5 million, against MAD 154 million in 2011, "due to the decrease in sales and lower margins on projects sold during this year ".

Net income (corporate) dives to MAD - 222 million, against 73 million in 2011. According to officials of MedZ, this was due primarily to a supply of MAD 223 million in the equity securities of Nemotek.
But the top management of CDG Group remains optimistic about the prospects of MedZ. "Its willingness to go on long-term investments, its affiliation to CDG Group, major institution at the national level, the citizen vocation and expertise of its human capital are assets that make it a single operator of its kind, able to make a difference and to initiate a positive dynamic for the country, "says Anass Houir Alami, Director General of CDG.

Indeed, the figures by the end of July 2013 show that the sales and marketing action plan of  MedZ is starting to yield encouraging results. For reference, 23 projects have been marketed at the Technopole of Oujda.
This corresponds to MAD 231 million investment induced potential direct and 1,146 jobs. At the Agropole of Berkane, 18 projects were marketed by the end of July 2013, 400 million investment made and 800 potential direct jobs. And that's not all. 24 projects were marketed in Jorf Lasfar Park amounting to MAD 3.4 billion of investment made and 4938 potential direct jobs.

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