Deal #7639

Land area

Intended size

2 000 ha

Size under contract (leased or purchased area)

[2018] 1000 ha
[2022, current] 1200 ha

Size in operation (production)

[2018, current] 806 ha

Comment on land area

Asma Invest has an agricultural base of 1,000 hectares under management in various agricultural regions of the Kingdom. The group has the following fields; Taounate (244 Ha) and Beni Mellal (133 Ha), dedicated to the production of olives, citrus fruits, pomegranates and fig trees. A plot of land in Benslimane (204 Ha) producing mainly locust beans, cereals and legumes in addition to the vine and sheep farming, that of Azilal (94 Ha) for the production of walnut trees and the field of El Hajeb (131 Ha) dedicated to olive oil production. This total 806 hectares. The current land base operated by the company ASMA AGRO INVEST exceeds 1,200 hectares divided into 8 agricultural estates which produce olives, citrus fruits, grenadines, figs, carob, cereals and legumes, vines, stone rosacea and pips and dates. ASMA AGRO INVEST plans to increase the area to 2,000 hectares by 2023.

Intention of investment

[2018] Food crops, Livestock (1000 ha)
[2022, current] Food crops, Livestock (1200 ha)

Comment on intention of investment

production of olives, citrus fruits, pomegranates, fig trees locust beans, cereals, walnut trees and legumes in addition to the vine and sheep farming. The company intends to strengthen in citrus fruits, figs, grenadine, olives ... and even to diversify towards other cultures .

Nature of the deal

Lease

Negotiation status

[current] Concluded (Contract signed)

Implementation status

[current] In operation (production)

Comment on implementation status

the company ASMA AGRO INVEST SA was created in 2010 to ensure the management of agricultural projects which are part of the agricultural development policy launched by the State in 2008.