Economic cooperation between Morocco and Spain continues to deepen in the agri-food industry, with investors from both countries demonstrating strong interest in biscuit manufacturing and industrial bread production. de C.V., through its Spanish subsidiary Bakery Iberian Investments S.L., has acquired 100% of the capital and voting rights of Joy Food International SARL. This transaction represents Grupo Bimbo’s strategic expansion into Morocco’s promising food manufacturing sector. Spain remains Morocco’s leading commercial partner, while Morocco holds the distinction of being Spain’s primary commercial partner and top investment destination in Africa. Moroccan Minister Karim Zidane highlighted the excellent bilateral momentum, noting intensified political exchanges and historic economic milestones.

Source: The North Africa Journal January 09, 2026 19:47 UTC