Africa
BLS Secures 500 Million Dirhams to Drive Morocco’s Next-Gen Logistics Expansion
BLS raised 500 million dirhams via a private bond issue to fund a 2 billion dirham investment plan, aiming to build next-gen logistics platforms across Morocco. Backed by major investors and international partners, BLS reinforces its role as a logistics leader focused on innovation, sustainability, and expanding its national network to support Morocco’s industrial growth.

By raising 500 million dirhams through a private bond issue, BLS confirms its ambitions in the logistics market in Morocco. This fundraising, backed by a vast investment plan of 2 billion dirhams, marks a strategic step in the deployment of a next-generation national logistics network.
Buildings & Logistic Services (BLS) has reached a new milestone. The group, a subsidiary of H&S Invest Holding, announces the successful completion of a 500 million dirham private bond issue. This structuring transaction was approved by the Moroccan Capital Market Authority (AMMC) in accordance with applicable law. It marks a new stage in its accelerated growth trajectory and confirms its position as a pillar of the logistics sector.
A financial transaction calibrated for expansion
Conducted with the support of advisory banks Valoris Corporate Finance, CFG Finance, and Capital Trust Finance, this bond issue is part of a strategy to diversify financing sources and align with the company’s long-term ambitions. The subscription, provided by leading qualified investors, attests to the strength of the BLS model and the market’s confidence in its strategy.
The transaction is structured in four tranches, combining fixed and revisable rates, with differentiated amortization profiles (straight-line or in fine over 7 years), thus meeting the expectations of various investor types. A flexible and robust structure, which provides BLS with the financial leeway necessary to support its growth in the national territory. The bond issue is part of the investment plan of more than 2 billion dirhams (MMDH) launched by BLS in early 2025.
Through this fundraising, the company intends to finance the deployment of new, state-of-the-art logistics platforms in several strategic regions of the Kingdom. It also aims to strengthen its external growth policy by identifying opportunities for consolidation in the market.
“This fundraising is fully in line with the implementation of our investment plan. It gives us the means to structure a next-generation logistics network in Morocco,” explains Moncef Belkhayat, President of BLS.
A statement that resonates with the ambition to make the company a benchmark operator in integrated logistics, capable of supporting growing supply chain needs, particularly in a context of strong growth in e-commerce, accelerated industrialization and advanced regionalization.
BLS’ vision is aligned with international standards
Founded in 2011, BLS has built a robust network spanning 12 Moroccan cities over the past fifteen years, from Casablanca to Nador, via Tangier, Agadir, Fez, and Mohammedia. With 500,000 m² of managed logistics assets and a capacity of 250,000 pallet positions, the company already has a solid territorial presence.
Its offering is based on an end-to-end approach, structured around five key businesses: warehousing and contract logistics (3PL), transport and distribution, freight and transit, co-packing, and logistics asset management. However, it is the modernization of its infrastructure and the technological integration of its services that BLS intends to accelerate.
The strengthening of its capabilities is based on a logic of operational efficiency, sustainability, and service excellence, all criteria that are now central to its clients, whether they are manufacturers, distributors, or service operators. If BLS can attract investors today, it is also thanks to the support of leading institutional partners.
The company’s financing round includes the STOA funds (led by the French Caisse des Dépôts and the AFD) and IFC, a subsidiary of the World Bank. This support validates the company’s long-term vision and reinforces its commitment to governance, sustainability, and logistics performance standards aligned with international best practices.
This credibility, combined with dynamic management and a well-thought-out expansion strategy, makes BLS a key player in Morocco’s logistics sovereignty. At a time of reshaping global supply chains, the company positions itself at the intersection of major national priorities: industrialization, energy sovereignty, and securing trade flows. The success of this operation thus opens a new cycle for BLS, marked by massive investment, innovation, and the expansion of the national network. A trajectory resolutely focused on the future, serving modern, green, and competitive Moroccan logistics.
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(Featured image by Courtney Vitale via Unsplash)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us

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