The government has just given the green light, at the end of December 2024, for the creation of “Marsa Djibouti” and “Marsa Bénin”, subsidiaries of “Marsa Maroc International Logistics”, itself responsible for carrying out and managing Marsa’s international activities. Morocco, particularly new port projects in Africa.
The main objective of “Marsa Djibouti” will be to participate in the capital of the company “Damerjog Oil Jetty FZE”, responsible for developing, equipping, operating and maintaining the “Damerjog” oil jetty, located in the free zone. of Djibouti, specializing in the storage and transshipment of petroleum products. Through this project, Marsa Maroc aims to strengthen its presence in the field of transshipment of containers of liquid products in East Africa, by particularly targeting the Ethiopian and Djiboutian markets, while expanding to other markets in the region.
For its part, “Marsa Bénin” will manage the operating project for quays 1 and 5 of the port of Cotonou in Benin, within the framework of the delegated management contract signed between Marsa Maroc and Manutentions Bénin
A pipeline of projects identified in Africa
Marsa Maroc’s new strategic vision emphasizes the complementarity of logistics value chains and the development of solutions adapted to the needs of growing African economies. Marsa Maroc is already identifying a promising pipeline of strategic projects in several countries, particularly in the area of port management, logistics platforms and public-private partnerships for infrastructure development.
In this context, the new entity “Marsa Maroc International Logistics” will explore partnership opportunities with regional and international investors, with the possibility of opening up its capital to strengthen its financial capacities and accelerate its growth.
In addition to international projects, there are numerous growth drivers in Morocco with the entry into force in mid-2026 of the port of Nador West Med, the next port of Dakhla and the ramp-up of already existing terminals.
This transformation would not have been possible without the new management of Marsa Maroc, which has established itself as a real “game changer”. The new board of directors has been able to redefine strategic priorities, adopting a proactive approach to diversify its services and establish itself on the international scene, a quest that the group has long pursued, but without success, until 2023. With this new roadmap, Marsa Maroc is embarking on a more ambitious growth trajectory that redefines its role in the global logistics landscape.
On the stock market, the stock remains popular with investors, both for its development prospects in Morocco and internationally. The market capitalization has doubled over the past 12 months, and the stock continues to appear in many analyst reports as a stock with high growth potential. The market consensus established by Boursenews expects profits to exceed the one billion dirham mark for the first time in 2024 while cash generation is increasing sharply, quarter after quarter, since the last quarter of 2023, giving the company the financial means to achieve its ambitions.
