Moroccan billionaire Alami Lazraq has seen his personal fortune grow by $46 million in just two weeks, following a surge in the share price of his flagship company, Alliances Développement Immobilier (ADI).
The Casablanca Stock Exchange recorded a 9.11 percent rise in ADI’s stock, boosting the market valuation of Lazraq’s 51.7 percent stake to approximately $618 million. While ADI shares are still down 6.48 percent year-to-date, the recent uptick signals a growing return of investor confidence in Morocco’s real estate sector, particularly in high-value infrastructure and housing development.
Lazraq, one of North Africa’s most influential business figures, founded Alliances Group in 1999. Over the past two and a half decades, the company has grown into a powerhouse of real estate development, particularly known for its large-scale residential and tourism infrastructure projects across Morocco and Sub-Saharan Africa.
This latest capital gain comes amid renewed optimism around government-backed urban development programmes and infrastructure investment, which have helped rekindle investor interest in the Moroccan property market after a sluggish start to 2025.
Lazraq’s ADI remains a bellwether stock for the region’s property sector, and his financial trajectory is closely watched as a barometer for broader economic trends. With more than half of ADI’s shares under his control, any movement in its stock price has a direct and significant impact on his net worth.
Although the North African market remains volatile, analysts say ADI’s sharp rebound could indicate stronger fundamentals than previously assumed, especially as the company continues to deliver on high-demand affordable housing projects and urban planning contracts.
Lazraq’s financial windfall may also fuel speculation about potential expansion into new markets or renewed efforts to scale ongoing developments, particularly in emerging urban zones across West Africa.
