Al Omrane Group Transforms Housing Landscape in Morocco with 2024 Milestones: Over 10,000 New Affordable Homes Built Nationwide
As the Al Omrane Group embarks on a transformative journey marked by significant milestones in 2024, this year stands out as a testament to its unwavering commitment to enhancing housing assistance in Morocco. Convened by Minister Fatima Ezzahra El Mansouri, the Supervisory Board recently emphasized the Group’s pivotal role in urban development and social housing initiatives. With notable achievements in creating over 17,000 housing units and a remarkable increase in financial performance, Al Omrane is poised to lead the way in territorial development in Morocco, setting a strategic vision for 2025 that prioritizes citizens’ needs and sustainable growth.
Al Omrane Group’s Housing Achievements in 2024
In 2024, Al Omrane Group significantly impacted the housing sector by constructing 17,025 new units and completing 4,315 existing units. This effort aims to address citizens’ housing needs while enhancing the sustainable recovery of the real estate market.
The implementation of the Daam Sakane program showcased the group’s commitment to social housing, with 145,033 requests and 43,228 grants amounting to 3.5 billion MAD, prioritizing affordable housing for Moroccan citizens.
Financial Performance and Growth Metrics of Al Omrane
The Al Omrane Group reported a marked revenue increase of 27% in 2024, reaching 5.402 billion MAD, alongside a significant reduction in debt by 9%, indicating enhanced financial stability and operational efficiency.
With a total revenue of 6.518 billion MAD for 2024, the group saw a staggering growth of 38% compared to 2023, reinforcing its strong trajectory and commitment to effective management strategies.
Commitment to Urban and Territorial Development
Al Omrane Group’s ongoing initiatives reveal a commitment to urban development, investing 5.419 billion MAD in 2024, translating to an increase of 19% as the group continues to prioritize housing accessibility for all regions.
Following the Al Haouz earthquake, Al Omrane mobilized extensive resources and expertise for rapid reconstruction, highlighting its active role in meeting urgent housing needs and ensuring quality construction.
Future Prospects: Al Omrane Group’s 2025 Vision
Looking forward to 2025, Al Omrane Group plans to invest 7.32 billion MAD, a 34% increase aiming to further its contributions to urban development and adapt to the evolving needs of Moroccan citizens.
The group’s focus will continue to be on sustainable housing solutions in peri-urban and rural areas, further enhancing its role as a key player in Morocco’s housing and territorial development landscape.
Impact of Daam Sakane Program on Housing Accessibility
The Daam Sakane program launched in January 2024 has been pivotal in improving housing access, with a notable 24.7% of applications from Moroccans living abroad, demonstrating the program’s widespread appeal.
With over 43,228 aids granted, the program ensures that families can secure housing priced between 300,000 MAD and 700,000 MAD, contributing to the government’s goal of social welfare enhancement.
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Frequently Asked Questions
What are the main achievements of Al Omrane Group in 2024?
In 2024, Al Omrane Group successfully provided housing assistance, processing over 145,000 applications and granting 43,228 aids totaling 3.5 billion MAD. They constructed 17,025 new housing units and completed 4,315 units, significantly contributing to urban development and social housing initiatives across Morocco.
How is Al Omrane Group addressing housing needs in Morocco?
Al Omrane Group focuses on enhancing housing accessibility through the Daam Sakane program and investments in new developments. Their commitment to social and territorial development ensures the provision of decent housing, particularly in peri-urban and rural areas.
What are the future prospects for Al Omrane Group in 2025?
For 2025, Al Omrane aims to increase investment to 7.32 billion MAD, enhancing performance, optimizing resource management, and continuing to uphold its vital role in urban and territorial development across Morocco.
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