Argan Infrastructure Fund LLC PCC (ARIF)

Equity : November 2011

BIO has invested € 6 M in equity in the Argan Infrastructure Fund LLC, an infrastructure fund focused on the MENA region.

Amount

€ 6,000,000.00

Type of investment

Equity

Development impacts

Local economic growth
Access to basic services & goods

Beneficiary locations

Africa: Algeria, Egypt, Morocco, Tunisia

Middle East:

Investment field

Investment Companies & Funds

Activity

Infrastructure Fund

Organisation

Argan Infrastructure Fund LLC PCC (ARIF)

Domicile

Mauritius

The Fund will invest in infrastructure as well as infrastructure-linked industrial projects in Africa with a focus on Morocco.

The targeted sectors will be energy, transport and logistics, environment, industry and telecom. Investments will amount to on average € 10 million in North-Africa and € 5 million in Sub-Saharan Africa. For larger infrastructure projects, the Fund will invest alongside co-investors, amongst which the investors in the Fund.

The Investment Advisor of the Fund Moroccan based Infra Invest. The Fund is an initiative of Infra Invest, the Investment fund management arm of the privately-owned Moroccan insurance company RMA (part of the FinanceCom group).

Development impacts

Local economic growth
The investments done by the Fund will have a major impact on job creation as the projects and companies will need more workers to manage their expansion.
Access to basic services & goods
Reliable infrastructure plays a vital role in the sustainable development of emerging countries as it; Increases access of the population to basic needs such as power, water, mobility and technology; with a specific focus on solar energy

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Acwa Power Khalladi

Morocco

The company, in operation since 2018, is a greenfield investment and includes the development, design, financing, construction and operation-maintenance of the Khalladi wind farm located near the city of Tangier in northern Morocco.

Mass Céréales Al Maghreb

Morocco

Transport & Logistics - Storage Terminal

Novacim

Morocco

Greenfield investment including the development, design, financing, construction and operation of a cement plant located 45 km south of the city of El Jadida, 145 km south of Casablanca. The start of construction began in H2-2019.