Home Startups Mubawab announces an investment of 10 million dollars for its development in the Maghreb

Mubawab announces an investment of 10 million dollars for its development in the Maghreb

by Milcah Lukhanyu
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Mubawab, a major real estate player in Morocco and Tunisia, has raised $10 million from EMPG group to fuel  Mubawab’s double-digit growth in the Maghreb region is behind this commitment.

The investment will increase Mubawab’s technological lead and accelerate its expansion in the Maghreb region.

“Mubawab’s leadership and vision in supporting real estate professionals to meet demand, confirms our choice to invest in Mubawab to consolidate its position as a major and essential real estate player in the Maghreb. . This expertise is the strength of Mubawab, which experienced a performance rebound in the last quarter of 2020 and sets it apart from other real estate players , says Haider Ali Khan, CEO of the EMPG MENA Group.

EMPG says the investment will allow Mubawab to strengthen its services in the Maghreb , create more jobs with the recruitment of nearly 200 employees and expand into new cities. It will also set up a real estate “Investment Advisory” department (market study, real estate advice and expertise) and an investment in research and development to increase efficiency and respond to growing market demand for practical and innovative solutions bringing together supply and request.

Mubawab is one of the leading marketer in Morocco for new real estate projects through Mubawab Transaction, which brings to 15 all the promoters supported in the city of Casablanca alone. His unique mastery of the market and data makes him a consultant who draws promoters’ full attention to their asset management. Real estate guide, price index, rental tensiometer or even end-user study , Mubawab continues to support the real estate ecosystem in its strategy by revealing major market trends.

This new tour de force supports the strategic plan of the Mubawab Group, which revolves around its ambitions: to continue to climb the real estate value scale in Morocco, in Tunisia and, to help bring together the offer and the demand and support the real estate market.

Gaining the confidence of investors is a guarantee of credibility on the market and towards our clients. Real estate still has a lot to give in the Maghreb region and technology is our strong link in this high potential market. We are going to take a further step in our 2021-2023 vision! Mubawab consolidates its position of leader and reference in real estate in Morocco and Tunisia, and vigorously begins its expansion in the Maghreb Our backing to the EMPG group ensures us financial security, additional real estate expertise and a long-term strategic partnership. But this performance would be nothing without the action of the men and women of the Mubawab Group, in Morocco, Spain and Tunisia, who are constantly reinventing themselves and collaborating with efficiency and agility., concludes Kevin Gormand, CEO and co-founder of Mubawab .

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