Med Z, a subsidiary of the CDG group specializing in the development of economic activity zones, is on the verge of taking full control of Midparc. Midparc is responsible for the acquisition, design, construction, and marketing of industrial plots within the Midparc industrial acceleration zone located in Nouaceur.
The Competition Council has been informed of this transaction, which will see Med Z acquire the remaining 66% of Midparc’s share capital. Med Z already holds 34%, with French firm Cenal and Moroccan company MA Spin owning 34% and 32% respectively.
Situated near Mohammed V International Airport in Casablanca, the Nouaceur Midparc industrial platform spans 124 hectares. As Morocco’s first hub dedicated mainly to the aerospace and aeronautics sectors, Midparc plays a vital role in the country’s industrial development, particularly under the National Pact for Industrial Emergence (2009-2015).
Med Z SA, a Moroccan joint-stock company with a capital of MAD 2.15 billion, is headquartered in Hay Riad, Rabat. It is a subsidiary of the Caisse de Dépôt et de Gestion (CDG) and is engaged in designing and developing economic activity zones.
Midparc SA, also a Moroccan joint-stock company, with a capital of MAD 22 million, operates from the Nouaceur Free Zone in Casablanca. Its mission is to acquire, design, build, and market industrial lots within the Midparc zone, which are primarily leased to companies in the aerospace sector.
