Yariv Elbaz pivots from industrial milling to strategic technology in Morocco

Yariv Elbaz shifts focus from flour milling to high-tech defense sectors

In a significant restructuring of his industrial portfolio, Yariv Elbaz is stepping away from the Moroccan milling industry to concentrate on high-stakes technological sectors. In April 2026, the Morocco competition regulator officially authorized the acquisition of a 68% stake in Forafric Agro Holdings Limited by Cap Holding, a group owned by Chakib Alj. This entity was a key subsidiary of Forafric Global, where Yariv Elbaz previously held the majority of shares.

By relinquishing control of this industrial giant, the entrepreneur is signaling a major change in his business strategy. While he initially built his career in the finance sector before expanding into large-scale food production, Yariv Elbaz is now prioritizing investments in artificial intelligence, drone technology, and aerial defense. These fields represent a new frontier for his ambitions, moving from traditional commodities to cutting-edge security and tech infrastructure.

Throughout his career, Yariv Elbaz has established himself as a central figure in the complex diplomatic and economic relations between Morocco, Israel, and the United States. His ability to navigate the intersection of private business and international diplomacy has made him an influential, though often low-profile, player in the region’s development.

This latest move to divest from the milling sector suggests a calculated pivot toward industries that are increasingly vital to national and international security. As he transitions away from the industrial assets that defined his recent years, Yariv Elbaz continues to position himself at the heart of strategic economic shifts within Morocco and beyond.