Morocco’s state-owned real estate giant, Holding Al Omrane (HAO), is on track for a strong performance in the coming years, with projected net earnings of 254 million dirhams in 2025, growing to 318 million in 2026 before stabilizing at 290 million in 2027. This optimistic outlook, outlined in the latest public finance report, highlights Al Omrane’s expanding role in Morocco’s housing and development sector as it continues to ramp up construction and new housing initiatives.
Revenue growth and investment surge in 2024
Al Omrane’s revenue has seen significant growth in 2024, with a 24% increase in the first half, reaching 2.17 billion dirhams. The group’s year-end revenue is forecasted to hit 5.58 billion dirhams—an impressive 31% rise from 2023. This growth aligns with Al Omrane’s broader investment objectives, which saw an 11% increase, totaling 2.29 billion dirhams by mid-2024.
As part of its 2024 development plan, Al Omrane aims to initiate 16,679 new housing units, a 155% increase over 2023, and complete 28,908 units, marking a 167% rise. This ambitious program includes 10,673 units under Morocco’s new housing assistance program, with 7,587 developed in partnership with private firms and 3,086 managed internally.
Future investment goals and new housing initiatives
For the years ahead, Al Omrane has allocated substantial funds to accelerate housing development across Morocco. Investments are projected at 6.43 billion dirhams in 2025, slightly increasing to 6.51 billion in 2026, and totaling 5.97 billion in 2027. These investments reflect Al Omrane’s commitment to addressing Morocco’s housing demands, enhancing infrastructure, and partnering with the private sector to deliver affordable housing.
In terms of revenue, Al Omrane expects to bring in 5.25 billion dirhams in 2025, with growth to 5.43 billion in 2026 and reaching 5.64 billion by 2027. This sustained financial momentum is fueled by the group’s housing expansion projects and ongoing efforts to modernize urban areas.
Expanding affordable housing for a growing population
As part of its strategic objectives, Al Omrane’s development initiatives are geared towards boosting affordable housing options to accommodate Morocco’s urbanization and growing population needs. Through a mix of government initiatives and private partnerships, the group aims to continue delivering quality, affordable housing across the country.
Al Omrane’s significant investments and partnerships underscore its commitment to strengthening Morocco’s real estate sector and providing affordable living spaces, solidifying its role in advancing Morocco’s urban development and housing sector. With this sustained momentum, the group is set to make an enduring impact on the nation’s real estate landscape.
