The European Bank for Reconstruction and Development (EBRD) is contributing to the development of the olive oil sector in Morocco with a loan of 55 million dirhams (5 million euros).
The EBRD loan will be allocated to the subsidiaries of Al Dahra Holding Maroc, Al Dahra Morocco Factories (ADFAC) and Al Dahra Morocco (ADMO), and will finance the construction and commissioning of a new oil plant of olive in the region of Fès-Meknès, according to a press release from the Bank.
This investment will allow Al Dahra to take advantage of its existing olive farms in the Fez-Meknes region and will aggregate other olive growers in the region to start producing olive oil, targeting local and regional markets and export under the brand “Oliva”.
It is the Bank’s first investment in the olive oil sector in Morocco and the sixth in the North African region.
Morocco is among the largest producers of olive oil in the world. Over the past five years, the EBRD, in partnership with the Food and Agriculture Organization of the United Nations (FAO) and other stakeholders, has implemented a number of actions, including workshops and training programs, to increase the competitiveness of the olive oil sector by improving efficiency, product quality and raising skills and standards throughout the oil value chain Moroccan olive.
Al Dahra is a leader in the agro-industry, specializing in the cultivation, production and trade of animal feed and food and supply chain management. The group manages and operates a 350,000-acre land bank globally in addition to fodder processing, rice mills and flour mills, with total annual production of more than 4.5 million metric tonnes.