Agriculture: Elite Agro Anticipates 353 Million DH Investment in Morocco
Elite Agro Holding to Invest 353 Million Dirhams in Moroccan Agriculture Project
The Emirati agri-food group Elite Agro Holding (EAG) plans to dedicate approximately 353 million dirhams to an agricultural project in Morocco. The company announced on Thursday, October 8, 2026, the signing of a memorandum of understanding with the Arab Authority for Agricultural Investment and Development (AAAID) regarding the development of the Sidi Yahya farm, located in the Kenitra region.
According to information shared by both partners, the project will mobilize an investment of 140 million Emirati dirhams, equivalent to around 38.12 million USD or 352.7 million Moroccan dirhams. The farm is reported to cover an area of approximately 400 hectares and is expected to become Elite Agro’s eighth operation in Morocco.
At this stage, the agreement represents the first step in preparing for the project. The partners have not yet provided a detailed timeline for the work, capital allocation, or financing arrangements. Additionally, expected production volumes and potential job creation details have not been disclosed.
Blueberries, Mandarins, and Avocados at the Core of the Project
The future farm will focus on high-value fruit crops, including blueberries, mandarins, and avocados. The production is intended to meet the needs of the Moroccan market as well as international demand, according to the elements presented by both partners.
This positioning falls within agricultural sectors partly oriented towards export, which require suitable infrastructure for irrigation, preservation, packaging, and transportation of products. The availability of water resources and control over logistical costs will thus be significant challenges for the farm’s development.
The project could strengthen Elite Agro’s presence in Moroccan agriculture while expanding its activities into productions aimed at higher-value markets.
AAAID Visited the Farm in May
The signing of the memorandum comes after a visit in May by a delegation from the AAAID to the Sidi Yahya farm in Kenitra. This mission aimed to explore potential cooperation and partnership opportunities in the agricultural sector, particularly in investment, knowledge exchange, and productivity enhancement.
The agreement was signed by Abdelilah Belatik, Executive Director of Investment Activities at AAAID, and Hassan Halawy, General Director of Elite Agro.
This approach demonstrates the interest of both organizations in developing agricultural projects in Morocco. However, the realization of the investment will depend on the upcoming contractual and operational steps, the details of which have not yet been made public.
An Agricultural Investment Program of 1.66 Billion Dirhams
The Sidi Yahya project is part of an agricultural investment program presented by Elite Agro Holding and AAAID, amounting to 660 million Emirati dirhams, or approximately 1.66 billion Moroccan dirhams.
In addition to the Moroccan project, this program includes an agricultural operation of 8,900 hectares in Mauritania, for which the partners plan to allocate 440 million Emirati dirhams, equivalent to about 1.11 billion Moroccan dirhams. According to shared information, this farm is expected to yield 244,000 tons of produce.
The program also outlines an investment of 80 million Emirati dirhams, roughly 201.5 million Moroccan dirhams, in a 25-hectare blueberry farm in Al-Ain, United Arab Emirates.
Through these three projects, Elite Agro Holding and the AAAID aim to develop their agricultural activities across multiple markets. In Morocco, the Sidi Yahya project now hinges on the finalization of the agreement and the definition of its implementation modalities.
