Moroccan real estate giant Addoha Group is significantly expanding its footprint in West Africa with the acquisition of a prime land parcel in Abidjan’s prestigious Zone 4 district.
Announced in February 2026, the project is valued at over 3 billion dirhams (approximately $300 million) and marks a major shift for the group toward high-end, mixed-use developments in high-growth African metropolises.
The complex will span more than 150,000 square meters of usable floor space and is anchored by a flagship residential component called “Les Tours Éléphants” (The Elephant Towers). This development will feature four 20-story residential towers, modern office spaces, and a major shopping center, targeting the premium commercial and residential segments of Côte d’Ivoire’s economic capital.
Founded by Anas Sefrioui in 1988, Addoha Group has spent over 25 years diversifying across the continent, with active operations in Côte d’Ivoire, Senegal, Guinea, Gabon, and Cameroon. This new Abidjan project is supported by a robust overall order book of 23,000 units, representing over 10 billion dirhams in secured revenue. This backlog provides the company with significant financial visibility as it accelerates its move upmarket in both domestic and international markets.
While expanding abroad, Addoha is also repositioning its portfolio in Morocco. The group recently launched the Blanca City Park project in Dar Bouazza, near Casablanca, which has a projected revenue potential of 12 billion dirhams. Simultaneously, the developer remains a key partner for public urban programs, having secured contracts for 5,000 relocation housing units across Casablanca, Rabat, and Marrakech.
By refocusing on higher value-added segments and faster project execution, Addoha anticipates a marked acceleration in profitability starting in 2026. The Abidjan investment stands as a cornerstone of this dual-track strategy: capturing the rapid urbanization of West African hubs while reinforcing its premium standing at home in Morocco.
MK/AK/Sf/fss/abj/APA