Argeș construction company builds homes in Morocco in public-private partnership

“As we sought new projects, we also got to Morocco, as there are more funds, more investments that need to be carried out than in Europe. The project of Morocco is a public-private partnership between the Rabat city hall and Building Astrom and six blocks will be built in the first phase with around 17m euros,” Marian Drăgoi, general manager and a shareholder in Building Astrom, told ZF.

The Romanian company, with turnover worth 70m lei (16.6m euros) last year, will contribute 30% to the necessary investments, with funding being secured by a Dubai bank at a 5% interest rate.

Building Astrom is one of the builders of Renault Technologie Roumanie (RTR) centre of Titu, where it currently works on the test track, due to be completed at yearend, Drăgoi says.