CDG Développement

CDG Développement is a Moroccan holding company and the dedicated territorial-development arm of the Caisse de Dépôt et de Gestion (CDG), the Kingdom's long-term public financial institution. Created in 2004, it is a wholly owned subsidiary of CDG and operates across the entire Moroccan territory. Its stated vocation is to act as a long-term operator and investor, reconciling financial performance with collective utility — in other words, delivering commercially viable projects that also serve the public interest. The company's mission is to implement the CDG group's strategy in the field of territorial development (développement territorial). It does so through a large portfolio of subsidiaries and participations active in urban planning and development, real-estate promotion, asset management, engineering and related services. Through these entities, CDG Développement takes part in the design and delivery of urban, industrial and tourism zones, contributes to the implementation of public policies on urbanism and territorial attractiveness in partnership with public and private actors, and develops real-estate management, business services and energy-efficiency solutions. Its flagship projects and vehicles include the Agence d'Urbanisation et de Développement d'Anfa (AUDA), which drives the Casa Anfa urban project; MEDZ, the industrial-park developer; the Compagnie Générale Immobilière (CGI) in residential and promotional real estate; Ewane Assets in rental and asset management; and numerous special-purpose development companies such as Société d'Aménagement Zenata, Sonadac, Parc Haliopolis, Atlantic Free Zone Investment and Jnane Saïss Développement. The group also holds engineering and services businesses including Novec, Innovative Energy & Efficiency (INEE), Tanger Med Engineering, Xperis Services and Compagnie Générale des Parkings. As a holding, CDG Développement is not a consumer-facing brand but a corporate platform and investor. Its role is to structure, finance and steward long-horizon projects that shape Moroccan cities and industrial land — from the Casablanca Anfa redevelopment to industrial parks, tourism zones and logistics assets. It presents itself as an actor of territorial development and a key contributor to the economic and social development of the Kingdom, emphasizing innovation and sustainability. Governance sits within the CDG group. Adil Chennouf is identified as Directeur Général of CDG Développement, with Taoufiq Marzouki Zerouali as Directeur Général Délégué of the Branche Développement Territorial. The company engages in institutional cooperation, as illustrated by the 2026 visit of a delegation from Jordan's Jordan Industrial Estates Company (JIEC), which included a twinning agreement between MEDZ and JIEC. CDG Développement thus combines the roles of holding company, long-term investor and operator of territorial development across Morocco.

CDG Développement was created in 2004 as a wholly owned subsidiary of the Caisse de Dépôt et de Gestion (CDG), Morocco's long-term public financial institution. Its purpose was to embody and implement the CDG group's strategy in territorial development activities, giving the group a dedicated holding through which to structure, finance and steward large-scale urban, industrial and real-estate projects across the Kingdom. From its creation, the holding was designed as a long-term operator and investor rather than a short-cycle developer. It was tasked with reconciling financial performance with collective utility, providing innovative development tools and products and services that generate progress for the community across all its fields of intervention. Its scope covers the entire Moroccan territory. Over the years, CDG Développement built a broad portfolio of subsidiaries and participations organized around several poles. In urban planning and development (aménagement), these include the Agence d'Urbanisation et de Développement d'Anfa (AUDA), Société d'Aménagement Zenata (SAZ), Société Nationale d'Aménagement Communal (Sonadac), MEDZ, Parc Haliopolis, Société d'Aménagement Riad, Société d'Aménagement du Parc Selouane, Atlantic Free Zone Investment, Agropole du Loukkos, Jnane Saïss Développement and Maintenance Aeronautics Assets. In promotional real estate, the group holds Compagnie Générale Immobilière (CGI) and related entities such as Dyar Al Mansour, Al Manar Development Company, Immolog, Marina Management Company, Société d'Aménagement de la ville de Bouskoura, Société d'Exploitation et Promotion du Golf de Benslimane, Casa Green Town Facilities and Hay Rabat Andalous. In rental real estate, holdings include Ewane Assets, Foncière Chellah Industries, MEDZ Industrial Parks, Midparc, Dyar Al Madina, Patrilog, Arribat Center and Aldar. In engineering, the group holds Novec, Innovative Energy & Efficiency (INEE), Tanger Med Engineering, CGI Management and Lacivac. In property management and services, it holds Xperis Services, Compagnie Générale des Parkings (CG Park), Exprom Facilities, Avilmar and Rabat Parking. It also holds other participations including Cellulose du Maroc, Eucaforest, Société Marocaine pour le Développement Touristique (SOMADET), Aiglemer, Moroccan Information Technology Company Capital (MITC Capital), Maroc Numeric Fund, Société d'Aménagement et de Valorisation de Cala Iris, Camerounaise des Eaux, Oued Chbika Development and Chbika Rive Hotel. Through these entities, CDG Développement participates in the design and realization of urban, industrial and tourism zones, contributes to the implementation of public policies on urbanism and territorial attractiveness in partnership with public and private actors, and develops real-estate management, business services and energy-efficiency solutions. Flagship projects such as Casa Anfa, driven through AUDA, illustrate the holding's role in reshaping major Moroccan urban areas. By the mid-2020s, CDG Développement presented itself as a key actor of territorial development in Morocco, emphasizing innovation and sustainability and an inclusive, balanced approach to development. It also engaged in international institutional cooperation: in July 2026, the Territorial Development Branch hosted a delegation from the Jordan Industrial Estates Company (JIEC), led by its chairman Obied Ahmad Obied Yasin, in a mission focused on institutional cooperation and partnership. The visit included field visits and working sessions with MedZ, CGI and Ewane teams on industrial and urban development and on industrial and real-estate asset management, and culminated in the signing of a twinning agreement between MedZ and JIEC, in the presence of Jordan's ambassador to Morocco, Jumana Suleiman Ali Ghunaimat, and CDG Développement's deputy CEO Taoufiq Marzouki Zerouali. The same month, CDG Développement launched a pre-selection notice to retain firms for a forthcoming process.

• 2026

  In July, the Territorial Development Branch hosted a Jordan Industrial Estates Company (JIEC) delegation; a twinning agreement was signed between MedZ and JIEC.

• 2026

  CDG Développement launched pre-selection notice No. 01 to retain participating firms.

• 2004

  CDG Développement created as a 100%-owned subsidiary of the Caisse de Dépôt et de Gestion to implement the group's territorial development strategy.

Long-term operator and investor in Moroccan territorial development, reconciling financial performance with collective utility.

• Casa Anfa

  Flagship urban development project contributing to the economic and social development of the Kingdom.

• MEDZ industrial parks

  Industrial park development and management, including a twinning agreement with Jordan's JIEC.

• Compagnie Générale Immobilière (CGI)

  Promotional real-estate subsidiary (98.2% held).

• Ewane Assets

  Rental real-estate and asset management subsidiary (100% held).

1. 1CDG Développement – Acteur du développement territorialcdgdev.ma
2. 2CDG Développement : Visite de travail officielle d'une délégation de la Jordan Industrial Estates Company (JIEC)cdgdev.ma
3. 3CDG Développementfr.wikipedia.org
4. 4Wikidata Q2931198wikidata.org