Morocco’s leading phosphate group, OCP, has announced an investment plan totaling over 139 billion dirhams (approximately US$13 billion) between 2025 and 2027, according to the draft 2025 finance bill.
This investment will be allocated to various projects aimed at driving the company’s sustainable growth.
The breakdown of the investment is as follows: 45 billion dirhams in 2025, 52 billion dirhams in 2026, and over 42 billion dirhams in 2027.
These funds will be directed towards expanding the company’s operations, improving efficiency, and developing new sustainable technologies.
OCP has been experiencing robust growth in recent years. The company expects to achieve a turnover of nearly 102.65 billion dirhams in 2024, representing a 12% increase compared to the previous year.
Net profit is also projected to rise by 15% to reach 16.5 billion dirhams, while investments are anticipated to surge by 64% to 44.8 billion dirhams.
In 2023, the company commissioned two new desalination plants in Jorf Lasfar and Benguerir, ensuring self-sufficiency in non-conventional water for its Jorf Lasfar operations and providing drinking water to the cities of Safi and El Jadida.
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