Morocco: A.P. Moller Capital Closes MAD 2.24 Billion Transport & Logistics Fund
The Morocco transport and logistics fund launched by A.P. Moller Capital has reached final close at MAD 1.64 billion, complemented by an additional MAD 600 million in co-investment. In total, MAD 2.24 billion (approx. USD 243 million) is now available to finance strategic logistics assets in Morocco.
A Dedicated Investment Vehicle for Morocco’s Transport and Logistics Sector
Based in Casablanca, APM Capital Morocco S.A., the local subsidiary of A.P. Moller Capital, completed fundraising at MAD 1.64 billion for its Morocco-focused transport and logistics fund.
The vehicle forms part of the initiative of the Mohammed VI Investment Fund, with participation from Moroccan and international institutional investors.
In parallel, EMIF II, a Danish fund managed by A.P. Moller Capital, committed an additional MAD 600 million, bringing total investment capacity to MAD 2.24 billion.
Investment Focus: Critical Supply Chain Segments
The fund targets equity stakes in:
- International express logistics
- Third-party logistics (3PL)
- Air cargo handling
- Temperature-controlled storage infrastructure
An active pipeline has already been identified across these segments.
For Morocco, the objective is operational: support rising industrial flows linked to European nearshoring, port expansion and export-oriented value chains.
Morocco’s Logistics Context: Capacity Expansion Under Pressure
Morocco is strengthening its position as a regional logistics hub, driven by:
- Ongoing port expansion, notably around Tanger Med
- Growing air cargo volumes
- Industrial relocation trends toward North Africa
However, bottlenecks remain in:
- Industrial last-mile logistics
- Cold chain capacity for agri-exports
- Digital integration of supply chains
The MAD 2.24 billion capital injection is intended to reinforce these critical segments and accelerate the scaling of domestic logistics players.
Why It Matters
- Dedicated domestic capital: A fund fully focused on Morocco’s transport and logistics sector.
- Nearshoring leverage: Direct support to Europe–Morocco industrial flows.
- Supply chain acceleration: Financing operators capable of absorbing rising cargo volumes.
Regional Perspective: North Africa Competes for Logistics Capital
The closing comes amid intensifying competition between Morocco, Egypt and Tunisia to capture industrial flows relocating from Asia.
By structuring a specialized domestic fund backed by institutional investors, Morocco strengthens its attractiveness to global logistics operators and European manufacturers seeking stable supply chain platforms in North Africa.
With MAD 2.24 billion now available, the Morocco transport and logistics fund marks a structural step for the country’s supply chain ecosystem. The next phase will depend on deployment speed and the ability to build scalable logistics platforms with regional reach.
