Addoha Expands Its Presence with Prime Asset Acquisition in Abidjan and Secures Over 10 Billion Dirhams in Revenue
Strategic Acquisition in Abidjan
On February 13, 2026, Addoha Group announced the acquisition of a prime piece of land located in the heart of Zone 4, Abidjan. This site will host an extensive mixed-use development featuring a shopping center, office spaces, and four high-end residential towers known as 'Les Tours Éléphants'.
The project is expected to encompass over 150,000 square meters of usable space, with projected revenues exceeding 3 billion dirhams and a high anticipated profitability level. Zone 4 is currently one of Abidjan's key economic hubs, characterized by strong demand across retail, office, and premium residential sectors.
Expansion Strategy in West and Central Africa
Through this acquisition, Addoha Group positions itself on a rare prime asset, marking a significant step in its expansion strategy across West Africa, including Côte d'Ivoire, Senegal, and Guinea, as well as Central Africa, specifically Gabon and Cameroon.
Development Pipeline in Morocco
This acquisition coincides with the strengthening of Addoha's development pipeline in Morocco. The group has authorized the Blanca City Park project in Casablanca, located in the South-Western Rocade of Dar Bouazza, which is a strategically significant asset aimed at high-end housing development.
This project is projected to generate an estimated revenue of 12 billion dirhams, further solidifying Addoha's position in the premium residential segment in Casablanca.
Strong Revenue Prospects
Additionally, Addoha has secured over 5,000 resettlement housing units across Casablanca, Rabat, and Marrakech, with an estimated revenue of 1.2 billion dirhams. Currently, the group's production in Morocco and West Africa exceeds 23,000 units, translating to secured revenues of over 10 billion dirhams.
This level of activity provides the group with significant multi-year visibility. As a result, both revenue and profits are expected to see substantial growth starting in the 2025 fiscal year, driven by the acceleration of new developments and a stronger focus on higher value-added segments.
