Yariv Elbaz pivots from industrial milling to strategic defense and AI in Morocco
The landscape of Moroccan industry is witnessing a significant shift as Yariv Elbaz, a prominent figure in international finance and diplomacy, moves away from his traditional holdings. In April 2026, the Moroccan Competition Council officially authorized the acquisition of a 68% stake in Forafric Agro Holdings Limited by Cap Holding. This subsidiary of Forafric Global was previously under the majority control of Elbaz, and its sale marks a turning point in his business strategy within the kingdom.
A strategic transition to high-tech sectors
By relinquishing control of this industrial heavyweight to Chakib Alj, the head of Cap Holding, Yariv Elbaz is not merely exiting a sector but is instead realigning his interests. His future ambitions are now firmly set on highly sensitive and strategic domains. These include:
- Artificial intelligence and its integration into modern infrastructure.
- The development and deployment of drone technology.
- Advanced air defense systems.
This pivot reflects a broader trend of moving toward technology-driven sovereignty and security-related industries. Elbaz has long been recognized as a discreet yet powerful intermediary, operating at the intersection of economic interests and high-level diplomacy between Morocco, Israel, and the United States.
The influence of a multifaceted entrepreneur
The career of Yariv Elbaz has been defined by his ability to navigate complex international environments. Having initially made his mark in the world of finance, he successfully built an industrial empire before deciding to focus on the technologies of tomorrow. His role has often extended beyond simple commerce, placing him at the heart of tripartite relations involving Moroccan, Israeli, and American stakeholders.
The takeover by Chakib Alj consolidates Cap Holding‘s position in the agro-industrial market, while allowing Elbaz the flexibility to pursue these new, specialized ventures. This evolution of his portfolio highlights a calculated move toward sectors that are becoming increasingly vital for national and regional security in Africa and beyond.
