Created in 2013 by Hassan Bennis, after more than 30 years of experience at the head of a flagship industrial company in Morocco, Glen Invest is a Moroccan investment company specialized in the creation, acceleration, and development of industrial companies. Glen Invest actively works for a strong Moroccan economy and the recognition of the “Made in Morocco” label both locally and internationally.
That is why the investment company has chosen to set up in the country’s economic capital and consider it as a real locomotive for the development of other regions of the country, just like some big cities in the West or in Asia. “We have invested in two 15,000 m² industrial units in the Béni-Mellal agropole, while keeping their headquarters and support functions in Casablanca, which allows us to benefit fully from what Casablanca has to offer for a company’s headquarters, but also to take advantage of what the Béni-Mellal region has to offer in terms of opportunities,” asserted Hassan Bennis, President, and CEO of Glen Invest.
The latter does not fail to express his satisfaction in this sense “because in the end both regions offer us first-rate human resources, as well as competitive industrial advantages for the agropole and, therefore, both regions, come out winners,” he said. This strategy does not prevent the investment company from working for the growth of the Casablanca-Settat region. Glen Invest has also invested in a mobility company in the Casablanca metropolis, which has significant growth potential but operates throughout Morocco. With an agile and multidisciplinary vocation, Glen Invest is present in various sectors of the economy, namely transportation, building accessories and technologies, digital and new technologies among others. The investment company promotes and supports Moroccan and African SMEs and startups through its Venture Capital department, offering entrepreneurs both managerial and financial support.
Read more about Glen Invest and find the most important economic news from around the world with our companion app Born2Invest.
Priorities for the region
In any case, Glen Invest’s priorities for the region are clear. They concern investments in the processing industry for mass consumer goods, “with import substitution as the main vector, which is now becoming a matter of survival for our national economy, as the last two years have shown what the consequences of industrial dependence can be,” said Hassan Bennis. In addition to the two industrial projects already launched, its subsidiary Agilis Advisory, which specializes in investment opportunity studies, is in the process of finalizing two new industrial projects which will mark an important step for the investment company.
“They will be the first in their sector of activity and they will be mainly for export,” said the CEO. Glen Invest also offers its co-investors the opportunity to move away from the classic investment approach that has been used in Morocco in recent years and which was intended to be rather “secure”. Bennis explains that “we are also working hard to share information, to demonstrate that investing in industrial activity is not a simple matter, but that if it is done properly, it remains the most sustainable investment over time. Investing and taking risks in the development of a competitive industry is therefore the motto of Glen Invest, whose mission is to offer Moroccan citizens competitive, accessible and quality products, which will strengthen the pride of the Moroccan people in their genius and expertise.
Hassan Bennis, President, and CEO of Glen Invest said: “Casablanca’s potential is now reaching maturity and is even becoming overcrowded, which is slowing down investment in other regions of the country, since the region is home to virtually all the structures of the business world. This region must quickly structure and organize itself to become an investment hub that also spreads to other regions. This would imply a move upmarket to become the region where investors come to forge partnerships or seek opportunities to develop them in other regions. In addition to this, the cost of investment is becoming really high at all levels compared to other cities, as well as human resources that are increasingly difficult to find and retain, because they themselves are faced with a cost of living that is becoming exorbitant; this generates auctions that ultimately benefit no one.”
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.
Solana Price Forecast for July: Trading Volume on NFT Marketplace Magic Eden Increases
Most recently, Solana was used to develop Magic Eden, the fast-growing non-fungible token (NFT) marketplace. It has become a leading...
Dedalus Extends its Network in Spain with the Creation of a Digital Health ‘Hub’ in Barcelona
Currently, Dedalus has a presence in the UK and Ireland, Northern Europe, Austria, Switzerland, Spain, China, Brazil, Australia, New Zealand,...
MODHEM+ : The Progress Report in Burkina Is Considered Satisfactory
The MODHEM+ project has allowed to set up infrastructures that are now used by the communities. It has also made...
Nextsense Collects €600,000 from Ulixes Capital Partners and €1.5M through Azimut Direct
The investment in Biovitae represents the 16th deal completed by Ulixes Capital Partners since it began operations in July 2019...
How Competitive is the German-Speaking Fintech Industry in an International Comparison?
Although the challenging framework conditions have led to fundamental economic resilience in the German fintech sector and enabled a clear...
Biotech2 weeks ago
Satellos Bioscience’s Stem Cell Signaling Research Could Turn the Tables on Muscular Dystrophies
Cannabis2 weeks ago
Luis Figo Launches His Brand of CBD Products
Featured2 weeks ago
Ecopetrol Shares Led the Stock Market Decline, with a Drop of 11.92%
Biotech2 weeks ago
Biotech Startups Double their Innovative Capacity