The OCP Group, Morocco’s phosphate giant, has announced a bold investment plan exceeding 139 billion dirhams (MMDH) for the 2025-2027 period. This plan, outlined in the report on public establishments and enterprises (EEP) accompanying the next Finance Bill (PLF), aims to boost the group’s growth and sustainable development efforts. The investments will be distributed over three years, with 45 billion dirhams allocated for 2025, 52 billion dirhams for 2026, and over 42.15 billion dirhams for 2027. This substantial financial commitment highlights the OCP Group’s ambition to expand its global footprint in the phosphate and fertilizer sectors.
For 2024, the OCP Group forecasts strong growth, projecting a turnover of nearly 102.65 billion dirhams, which represents a 12% increase from the previous year. The group also expects its net profit to grow by 15%, reaching 16.5 billion dirhams. Additionally, the group’s investment activities are anticipated to rise by 64%, amounting to 44.8 billion dirhams.
By mid-2023, the OCP Group had already achieved significant results. Revenues increased by 15%, reaching 43.25 billion dirhams, and investment spending surged by 64%, totaling 19.75 billion dirhams. As part of its green investment strategy, the group commissioned two new desalination plants in Jorf Lasfar and Benguerir, achieving water self-sufficiency in the Jorf Lasfar region and helping to supply drinking water to the cities of Safi and El Jadida.
Several key initiatives marked the OCP Group’s progress in 2023. The group launched its third issuance of perpetual subordinated bonds, valued at 5 billion dirhams, and secured a 100 million euro green loan from the International Finance Corporation (IFC) to finance the construction of four solar power plants. Additionally, Moody’s awarded the OCP Group an inaugural Investment Grade BAA3 rating, underlining its leadership in the global phosphate and fertilizer industry.
