Morocco is cementing its transition from a regional gateway to a primary European industrial satellite. APM Capital Morocco — the local arm of AP Moller Capital — held the final closing of its Morocco-focused transport and logistics fund, according to a statement(pdf). The fund secured MAD 1.64 bn (USD 178 mn) in commitments from the Mohammed VI Investment Fund and other Moroccan and international institutional investors.

The firepower: AP Moller Capital Emerging Markets Infrastructure Fund II added an additional MAD 600 mn (USD 65 mn) to the mix. The move brings the total capital available for deployment in the nation’s transport and logistics sector to MAD 2.24 bn (c. USD 243 mn).

Uh, what is the Mohammed VI Investment Fund, Enterprise? The Mohammed VI Investment Fund (FM6I) is Morocco’s sovereign-backed strategic accelerator. Unlike a typical VC or PE play, FM6I acts as an anchor of trust.

Why it matters

A strategic wager on Morocco’s near-shoring appeal: The fund isn’t just an injection of liquidity — it’s a signal that Morocco’s middle mile is now a strategic priority for both domestic and international capital.

The logic here is driven by Europe’s capacity crunch and the restructuring of global supply chains. As European manufacturers look to near-shore production to shorten lead times and hedge against geopolitical volatility in the East, Morocco has emerged as a viable industrial overflow market. However, the nation’s existing logistics stock remains fragmented — with Grade A warehousing and specialized cold storage in short supply.

What’s in the pipeline? The fund already has an active pipeline targeting international express logistics, third-party logistics, air cargo handling, and cold storage in the country.

AP Moller knows this territory. They successfully exited their investment in Mass Céréales Al Maghreb in 2025 and have been active in port-related infrastructure supporting Morocco’s energy transition. This new fund builds on that track record to create a broader, sector-wide play.

Tags: