Industrial property market Morocco 2026 — zones mapping
Structural poles, developer operators, serviced surfaces, reference tenants, fiscal regime, Grade A rents — what to know to target the right zone for your industrial project.
Morocco's industrial property landscape is organised around major poles each anchored by a specific operator (TMSA, MEDZ, AFZA), a tax regime (free-zone Law 19-94 or common law) and a tenant ecosystem (automotive, aerospace, agribusiness, chemistry).
1. Tanger Med Industrial Platform (TMIP)
Operator: Tanger Med Special Agency (TMSA). Surface: 3,000 hectares cumulated. Companies: 1,500+. Jobs: 145,000+. Regime: Law 19-94 (Industrial Acceleration Zone). 2025 industrial turnover: MAD 188 billion (MAD 125bn automotive, +6.8% YoY). Adjacent port: 10.24M TEUs in 2024 (#1 Mediterranean). Sub-zones: Tanger Free Zone, Tanger Automotive City (1,185 ha post-09/2024 expansion), Tetouan Park, aerospace-electronics-textile-food-logistics. Iconic tenants: Renault (record 410,000 vehicles 2024, +9%, 95% exports), Yazaki, Sumitomo, 150+ automotive Tier 1/2/3.
2. Atlantic Free Zone Kenitra (AFZ Kenitra)
Operator: MEDZ (CDG subsidiary). Surface: from initial 345 hectares to ~600 hectares in March 2025. Regime: Law 19-94. Vocation: automotive suppliers (Renault + Stellantis ecosystem), electronics, EV batteries. Iconic tenants: Stellantis Kenitra (capacity 535,000 vehicles/year after 07/2025 expansion, Smart Car platform startup 02/2026 reaching 400,000 vehicles), Gotion High-Tech (battery gigafactory — phase 1 USD 1.3 billion for 20 GWh, Q3 2026 startup, long-term target 100 GWh).
3. Midparc Nouaceur (aerospace)
Operator: MEDZ. Surface: 128 hectares. Regime: Law 19-94. Vocation: aerospace. Iconic tenants: Safran (A320 landing gear plant, EUR 280M, 7 hectares, 100% renewable energy), Airbus, Spirit AeroSystems, Thales, Pratt & Whitney, Hexcel, Sabca, Collins Aerospace.
4. Casablanca historical — Ain Sebaa, Sidi Bernoussi, Roches Noires
Cumulated surface: ~1,100 hectares. Ain Sebaa-Hay Mohammadi: 435 ha, 500+ large companies, 30+ activity branches. Sidi Bernoussi: 400+ hectares, 500+ industrial units. Advantages: immediate proximity to Casablanca port (723,973 TEUs H1 2025, +6.7%), Casa-Rabat axis, 5M-inhabitant consumption basin. Limits: scarce land, densification, rent pressure, urban constraints.
5. Mohammedia industrial
Existing surface: ~800 hectares. New project: 660 additional hectares in three phases. Logistics advantage: Casa-Rabat motorway axis, Mohammedia oil port, Mohammed V airport proximity. Open file: historical SAMIR site (refinery stopped since 2015, 200 hectares) — legal situation ongoing.
6. Jorf Lasfar — chemistry, petrochemistry, metallurgy, energy
MEDZ park: 500 hectares — chemistry, petrochemistry, metallurgy. OCP platform: 1,800 hectares, 5,000 direct jobs + 10,000 subcontractors, fertiliser capacity 11Mt currently, target 14Mt with 3 additional units. New ZAI: Moulay Abdellah, El Jadida, 283.9 hectares approved in March 2024. Adjacent Jorf Lasfar port — bulk and container terminals.
7. Synthesis 2025-2026
Grade A warehouse asks rents Morocco 2025: MAD 186-232/sqm/month (0 to +2% variation over 6 months). Moroccan OPCI rental yields: 6-9%. Specific cap rate by sub-segment not publicly published by CBRE/JLL/Knight Frank for the Moroccan market — case-by-case analysis required via local RICS expert.
- Sector activity matches zone specialisation
- Fiscal regime (Law 19-94 ZAI vs common law) consistent with strategy
- Operator credibility verified (TMSA, MEDZ, AFZA)
- Logistics access (port, airport, motorway, rail) checked
- Tenant ecosystem aligned with project profile
- Plot availability and timeline confirmed
- Zone presented as 'free zone' without verifying Law 19-94 status
- Surface availability assumed without operator confirmation
- Logistics access overstated (real travel times not benchmarked)
- Common-law zone valued with ZAI tax assumptions
FAQ
Which Moroccan zone has the largest industrial surface?
Tanger Med Industrial Platform with 3,000 hectares, 1,500+ companies, 145,000+ jobs. Tanger Automotive City alone covers 1,185 hectares after September 2024 expansion.
What is the cap rate for industrial assets in Morocco in 2026?
Not publicly published by international brokers for the Moroccan market. OPCI yields range 6-9%. Case-by-case benchmark required via a RICS expert with local transaction access.
Related reading
- Cap rate industrial property Morocco 2026
- Free zones and special regimes
- How to invest in industrial property Morocco
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