The European Bank for Reconstruction and Development (EBRD) is helping to develop the olive oil sector in Morocco with a loan of up to MAD 55 million (€5 million equivalent) to Al Dahra Holding subsidiaries in Morocco, Al Dahra Morocco Factories (ADFAC) and Al Dahra Morocco (ADMO).
The EBRD funds will finance the construction and commissioning of a new olive oil factory in the Fez-Meknes region in Morocco. Through this investment, Al Dahra will leverage its existing olive farms in the Fez-Meknes region and aggregate other olive farmers in the region to start producing olive oil, targeting local and export markets under the brand name “Oliva”.
Morocco is a founding member of the EBRD and became a country of operations in 2012. To date, the Bank has invested over €2 billion in the country through 60 projects.