Al Barid Bank Housing Deal Targets Tanger Automotive Staff

In Short: Preferential Housing And Mortgage Finance In Chrafate

Al Barid Bank has signed a tripartite agreement with Al Omrane Tanger-Tétouan-Al Hoceima and the Association des investisseurs de Tanger Automotive City to help employees of member companies access home ownership in Ville Verte de Chrafate.

What Happened: How The Al Barid Bank Partnership Works

The agreement combines three elements, a preferential real estate offer, adapted financing, and support for eligible employees.

Al Omrane Tanger-Tétouan-Al Hoceima will make available housing offers in Ville Verte de Chrafate, including apartments and serviced land plots. The offers will include discounts on sale prices. The company will also provide a dedicated reception and personalised support for eligible employees.

The initiative is positioned as part of efforts to develop and promote Ville Verte Chrafate. The announcement says the work is carried out with the support and presence of Mohamed Khalfaoui, Governor of the province of Fahs-Anjra.

Why It Matters: Bringing Housing Closer To Industrial Jobs

The announcement says Ville Verte de Chrafate is located near Tanger Automotive City and is seeing sustained development, including what it describes as structured infrastructure and essential daily life facilities.

By tying housing supply to financing and employee support, the partners are aiming to reduce distance between where people live and work. The announcement says this can improve living conditions for employees and their families.

Younès Shaimi, Directeur général of Al Omrane Tanger-Tétouan-Al Hoceima, said: “À travers cette convention, nous souhaitons rapprocher notre offre immobilière des besoins des salariés et de leurs familles, en leur proposant des conditions avantageuses et un accompagnement de proximité dans la Ville Verte de Chrafate”.