Casablanca – Al Omrane Group is Morocco’s leading public real estate and urban development company. As a government-backed entity, it plays a strategic role in implementing national housing policies, urban planning projects, and territorial development initiatives. The group focuses on providing affordable housing, revitalizing urban spaces, and supporting infrastructure development to enhance the quality of life for Moroccan citizens.
In 2024, Al Omrane reaffirmed its position as a driving force in the real estate sector, delivering strong financial and operational results while actively contributing to Morocco’s social housing and urban expansion programs. With an ambitious roadmap set for 2025, the group aims to accelerate investments, expand its housing projects, and improve efficiency in managing resources.
Impressive financial and operational performance in 2024
Under the leadership of Housni El Ghazaoui, Al Omrane embarked on a major transformation strategy in mid-2023, focusing on enhancing performance, streamlining operations, and accelerating project execution. These efforts yielded significant results in 2024:
- Revenue Growth: The group generated $557 million, marking a 27% increase compared to 2023.
- Total Receipts: Cash inflows reached $672 million, a 38% rise from 2023 and a 69% surge from 2022.
- Debt Reduction: The group reduced its total debt by 9%, from $867 million in 2023 to $787 million in 2024, strengthening its financial stability.
- Investment Growth: Al Omrane’s investment volume rose by 19%, reaching $558 million.
- Housing Production: The group launched 8,309 new units, a 27% increase, and completed 14,083 units, up 30% from the previous year.
This strong performance was driven by an increase in state orders, which grew by 147%, reaching $435 million, a testament to the government’s confidence in Al Omrane’s role in national housing and urban development.
The success of the Daam Sakane housing assistance program
A key focus for Al Omrane in 2024 was its involvement in the Daam Sakane direct housing assistance program. Launched in January 2024, the initiative aims to make homeownership more accessible to Moroccans, including those living abroad.
By March 2025, the program had received 145,033 applications from 123,897 applicants, with 24.7% of them being Moroccans residing abroad (MREs). The government approved 43,228 financial aid requests, disbursing a total of $361 million in housing subsidies.
The breakdown of financial aid distribution is as follows:
- 62.9% of the subsidies were allocated to homes priced between $30,930 and $72,165.
- 37.1% supported housing priced below $30,930.
Additionally, 17,025 new housing units were launched, while 4,315 units were completed in 2024, underscoring Al Omrane’s commitment to meeting growing housing demands.
2025 roadmap: Increased investment and strategic expansion
Looking ahead to 2025, Al Omrane plans to scale up its operations and investments, reinforcing its role as a key driver of urban development in Morocco. Key priorities for the year include:
- Boosting Investment: The company aims to invest $755 million in 2025, a 34% increase from 2024.
- Enhancing Land Reserves: A strategic focus will be on expanding land holdings to sustain long-term housing development.
- Accelerating Housing Projects: Al Omrane seeks to expand its footprint in peri-urban and rural areas, ensuring equitable access to housing.
- Optimizing Operational Efficiency: Efforts will continue to reduce unsold housing stock and improve financial sustainability.
Al Omrane’s role in post-disaster reconstruction
Beyond its regular housing initiatives, Al Omrane played a crucial role in Morocco’s post-earthquake recovery efforts following the Al Haouz disaster on September 8, 2023. The company mobilized an extensive team, including:
- 47 employees, 62 engineers, 240 architects, and 130 technical study firms.
- 23 specialized laboratories and over 70 partner construction companies.
This coordinated effort accelerated the rebuilding process, ensuring that affected communities received safe and high-quality housing solutions.
Strengthening Morocco’s housing sector
With a solid financial standing, a strong commitment to social housing, and an ambitious 2025 roadmap, Al Omrane is poised to further transform Morocco’s real estate landscape. As the group expands its investments and accelerates urban projects, it will continue to play a pivotal role in the country’s housing and territorial development, reinforcing Morocco’s vision of sustainable urban growth and inclusive housing access.
