Beni Mellal – Moroccan real estate developer Addoha Group has acquired a prime land asset in Abidjan’s Zone 4 district, unveiling plans for a mixed-use development valued at more than MAD 3 billion ($300 million). The acquisition agreement was signed last Friday, marking a major step in the group’s expansion into Ivory Coast’s economic capital.
The Abidjan project will span over 150,000 square meters of usable space and combine retail, office, and high-end residential components.
At its core are four luxury residential towers rising 20 floors above ground, branded “Les Tours Éléphants,” alongside a large shopping center and modern office spaces. Located in Zone 4 – one of Abidjan’s most dynamic commercial districts – the development benefits from sustained demand across premium residential, corporate, and retail segments.
This acquisition secures a rare prime asset for Addoha and reinforces its broader West African growth strategy, which already includes active markets such as the Ivory Coast, Senegal, and Guinea, alongside Central African operations in Gabon and Cameroon. The move indicates the group’s ambition to position itself as a leading pan-African urban developer.
Parallel to its international push, Addoha continues to consolidate its domestic portfolio. The group recently authorized the Blanca City Park program in the Rocade Sud-Ouest area of Dar Bouazza, near Casablanca.
Dedicated to upscale residential development, the project carries an estimated revenue potential of MAD 12 billion ($1.2 billion), strengthening Addoha’s footprint in Casablanca’s premium housing segment.
The developer has also secured contracts for more than 5,000 rehousing units across Casablanca, Rabat, and Marrakech, representing projected revenues of approximately MAD 1.2 billion ($120 million). These projects further diversify the group’s revenue streams while maintaining a strong presence in large-scale urban programs.
Across Morocco and West Africa, Addoha’s current production pipeline exceeds 23,000 units, translating into secured revenues above MAD 10 billion ($1 billion). This substantial backlog provides multi-year visibility and underpins the group’s growth outlook.
According to company statements, Addoha expects revenues and profitability to accelerate from 2025 onward, driven by faster project execution and a strategic shift toward higher value-added developments.
The Abidjan investment illustrates Addoha’s dual-track strategy: geographic diversification across high-growth African cities, paired with a deliberate move upmarket at home.
Supported by a solid revenue base and strong market fundamentals, the group appears well positioned to pursue sustained expansion across francophone West and Central Africa while reinforcing its premium positioning domestically.
