Granal, a prominent Moroccan supplier of construction materials, is entering a new phase of growth with a strategic move that could reshape its future. The company, which operates under Africorp Mining and is a key player in the mining and quarrying arm of the Africorp Consortium, has just welcomed a new partner: Colombus 1, an investment fund managed by Red Med Private Equity (RMPE). With RMPE now holding a 20% stake, the partnership signals a major leap forward in Granal’s plans for both domestic and international expansion.
This investment is more than a financial injection—it’s a cornerstone of a broader strategy designed to accelerate Granal’s national footprint, expand into new territories, and diversify its range of offerings in response to the growing demands of the construction sector. Already operating from nine sites across Morocco, including Benslimane, Tangier, and Khemisset, Granal is now gearing up to strengthen its logistical network and get closer to its client base.
For Omar Lahlou, President of Granal, the deal marks a defining moment. “This is a milestone in our journey. The support from RMPE brings valuable strategic resources that will fuel our growth and help us contribute more effectively to Morocco’s infrastructure development with high-quality materials built on proven expertise,” he said.
At the parent company Africorp Consortium, led by Chairman Saad Berrada Sounni, the move aligns with a clear mission: to develop centers of excellence driven by national champions capable of supporting Morocco’s broader transformation.
Jaafar Harti, CEO of Africorp Consortium, reinforced that message: “Granal’s progress reflects our vision—building strong, focused sectors that contribute to national development. This partnership strengthens Granal’s leadership and enables it to expand its reach across the country.”
RMPE shares the same optimistic outlook. For Colombus 1, this marks the fund’s fourth major investment, part of an ongoing effort to help Moroccan small and medium enterprises make the leap into industrialization.
Mohamed Nasset, Managing Partner at RMPE, highlighted the strategic fit: “Our partnership with Africorp Consortium, combined with Granal’s outstanding leadership team, will position the company as a benchmark in the construction materials industry.”
Under the guidance of CEO Mounir El Grioui, Granal has managed to balance operational efficiency with long-term vision. The company’s reputation in quarry operations is built on a blend of technical know-how and a strong customer-first culture.
“At Granal, we’ve always believed in human expertise and staying close to the field. This new momentum will allow us to strengthen our offerings and anticipate shifts in a fast-evolving market,” El Grioui explained.
But Granal’s ambitions go beyond business metrics. Sustainability and social responsibility are embedded in its development model. From environmental stewardship to local job creation, the company is investing in innovation and sustainable resource management to align growth with positive impact.
With RMPE on board, Granal is charting a path of responsible, long-term growth. It’s a partnership that not only reinforces the company’s role in Morocco’s infrastructure modernization but also lays the groundwork for a broader regional presence in the years ahead.
