Orbis Holding has just signed a strategic partnership with the Arab Authority for Agricultural Investment and Development (AAAID), the pan-Arab financial institution for strengthening food security. The objective is to develop agro-industrial projects with high added value in Morocco, particularly in the red fruit and extra-virgin olive oil sectors.
Orbis Holding is gaining momentum in the agro-industrial market. Its subsidiary Orbis AgroIndustry signed a strategic partnership with the Arab Authority for Agricultural Investment and Development, the pan-Arab financial institution for strengthening food security. This deal aims to develop agro-industrial projects with high added value in Morocco. “This partnership is part of a medium and long-term vision targeting the production of red fruits and extra-virgin olive oil initially, and other projects with high added value subsequently. This cooperation encompasses the entire value chain, from planting to marketing,” underlines Orbis, the Moroccan multi-sector group.
This partnership initially covers four major projects. The first concerns the production of red fruits (goji berries, raspberries, blueberries and blackberries), avocados and citrus fruits in the Gharb region. Note that for red fruits, technical-commercial partners will support the project in the technical management of the crops, the packaging processes and the firm purchase of the entire production intended for export. The second project, which complements the first, consists of the establishment of a storage, sorting, packaging and valorization unit for agricultural products. As for the third project, it concerns the production of olives in hyper-intensive systems in different regions of the country. The last project concerns the establishment of a crushing unit to produce extra-virgin olive oil.
In addition to these projects, the memorandum of understanding also aims to initiate feasibility studies for the realization of several other projects “meeting the same requirements of creating added value, valorizing upstream and downstream agriculture , quality and preservation of the environment. For Orbis AgroIndustry, these projects consolidate the strategic axes and projects initiated within the framework of the Green Morocco Plan, particularly with regard to the development of crops and the valorization of downstream agriculture. They also embody the group’s commitment to meeting the imperatives of sustainable development. Remember that the Orbis holding company operates in agriculture (plant and animal), real estate, automobile distribution as well as in supporting the development of VSE/SMEs. Its subsidiary Orbis AgroIndustry is essentially active in the operation of several agricultural estates covering different products (citrus fruits, olives, rosaceae, table grapes, grenadines, cereals). It is also present in dairy farming.
AAAID was founded in 1976 in Sudan as an autonomous institution to boost agricultural investments in the Arab world. The AAAID, which has 21 member states for contributions totaling $1.1 billion, is active in 4 investment areas: agro-industry (47%), animal production (25%), plant production (24 %) and services (4%). It “entered into this partnership as part of its strategic relations with the Kingdom of Morocco in its capacity as a member state and founder of the AAAID and its continued support for the activities of the Institution”.
Source : Le Matin
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