The OCP Group subsidiary dedicated to unconventional water, OCP Green Water (OGW), has just taken a decisive step in its water sovereignty strategy. It has mobilized funding of 6 billion dirhams, or 620 million dollars, in collaboration with the Caisse de Dépôt et de Gestion (CDG).
Structured and placed by CDG Capital, this fundraising was subscribed by qualified institutional investors. It will allow OGW to accelerate the development of its desalination infrastructures, at the heart of the OCP Group’s sustainability objectives.
The ambition is clear: to reach a capacity of 630 million m³ of desalinated water per year by 2030. This production is entirely intended to meet the group’s needs for unconventional water, but also to contribute to the supply of neighboring urban and agricultural areas.
By tapping into capital markets, OGW ensures favorable financial conditions to support its expansion and consolidate OCP’s water autonomy. This operation is also part of CDG’s commitments to national water security and sustainable resource management.
“This funding marks an important milestone in our sustainable water strategy and reflects a shared commitment with CDG to build the water resilience of the Kingdom,” says Ahmed Znibar, General Director of OGW.
CDG Capital echoes this sentiment: “This operation fully reflects our mission to support the country’s strategic projects, particularly in the water sector,” emphasizes Mehdi Bouriss, its General Director.
OGW, a strategic lever for water autonomy
OCP Green Water plays a central role in the environmental vision of the phosphate group. By developing desalination and wastewater reuse solutions, OGW supports OCP’s ambition for water autonomy and the sustainable preservation of water resources in Morocco.
CDG, a key player in long-term financing
A public institution founded in 1959, the Caisse de Dépôt et de Gestion channels national savings towards projects with a strong socio-economic impact. It operates in five strategic areas: savings and foresight, territorial development, tourism, investment, and finance. Its commitment is based on rigorous management and responsibility in the service of the public interest.
CDG Capital, the Bank of Institutions
Founded in 2006, CDG Capital focuses on the financial activities of the CDG group. Its mission is to transform institutional savings into long-term investments to support public policies and structuring projects with a strong national scope.
A greener OCP Group than ever
As a world leader in phosphate fertilizers, OCP pursues an ambitious green investment strategy aligned with climate and sustainability objectives. Since 2025, all of its water needs have been met by unconventional sources. By 2027, its annual desalination capacity will reach 560 million m³. The group also aims for 100% clean energy and total carbon neutrality by 2040, while increasing the production of green fertilizers.
With more than 17,000 employees, a presence on five continents, and over 350 clients worldwide, OCP embodies a vision where economic growth and environmental responsibility go hand in hand.