The Company Morocco United Arab Emirates for Development (SOMED), a private holding with a capital of 950 million MAD, was founded in 1982 following the will of the two countries to further develop the relations in economic cooperation between Morocco and the United Arab Emirates.
Thus striving to encourage both Emirati and international investments in Morocco, SOMED embarks in innovative and structuring projects through high potential strategic sectors for the development of the country.
Originally positioned in the sectors of tourism and industry, the SOMED Group has maintained its goal of developing and diversifying its strategic activities. Today, the Group has its share in the hospitality industry, metallurgy, trading, automotive, real estate and higher education.
Determinedly present in a continuous dynamic of growth, the SOMED Group strives to play a leading role in the invested sectors, by consolidating the positioning of each of its subsidiaries in its business sector.
SOMED currently employs more than 1384 people, deployed over ten sites.
Equipped with a strong financial and industrial culture, the SOMED Group sets forth its mission around the following objectives:
Our vision is our ambition. Our values express our fundamental beliefs and nourish our common culture. They are built on the essential principles that guide the daily activities of the employees.
The mode of governance and management of the group is governed by the following apparatus :
1. Governance committees (issued from the board of directors)
The governance committees are made of SOMED executives and operate within the framework of the authority and the delegations invested in them by the board of directors, according to the laws that regulates public limited companies.
2. Management committees