Insider Source to FesNews: Ministry of Habous and CGI Management Launch 95.3 Million MAD Mixed-Use Residential, Commercial, and Office Complex in Fez

FEZ (FesNews Media) — An informed source inside CGI Management—the project-management subsidiary of Morocco’s CDG Group—revealed to FesNews the launch of major construction works for a flagship mixed-use residential, commercial, and office complex in the city of Fez developed on behalf of the Ministry of Habous and Islamic Affairs, with an initial structural investment exceeding 95.38 million dirhams (over 9.53 billion centimes).

Speaking to FesNews, the source noted that the landmark urban development forms part of the Ministry’s strategic endowment (Waqf) modernization drive in Fez, transforming prime urban Habous land into high-yield modern assets whose long-term revenues help finance religious, cultural, educational, and social welfare infrastructure across the spiritual capital.

According to exclusive project details obtained by FesNews, the 95.38 million dirham primary structural package covers deep earthworks and foundations, reinforced concrete superstructures, interior masonry, advanced thermal, acoustic, and waterproof insulation systems, and architectural facade finishes blending contemporary urban functionality with Fez’s refined aesthetic identity.

Once completed, the multi-purpose complex will integrate ground-level retail galleries and commercial showrooms, modern corporate and professional office suites tailored for service firms and liberal professions, high-standard residential apartments, and spacious underground parking facilities engineered to ease traffic flow in the surrounding district.

Entrusting delegated project management to CGI Management ensures rigorous engineering oversight, laboratory material testing, and strict adherence to execution and structural warranty schedules ahead of subsequent technical packages for smart elevators, central HVAC systems, architectural joinery, and fiber-optic connectivity.

Economically, the nearly 100-million-dirham structural phase is expected to generate substantial direct and indirect employment for local engineers, technicians, construction workers, and building-material suppliers across Fez, reinforcing broader regional investment momentum alongside Wali Khalid Aït Taleb’s “Mantouj Jihti” and “Fast Track” industrial acceleration platforms in Fez-Meknes.