The Moroccan firm behind the construction of the new Prince Moulay Abdellah Stadium in Rabat and the upcoming 115,000-seat King Hassan Stadium near Casablanca, plans to go public on the Casablanca Stock Exchange to finance its booming order book. Société Générale des Travaux du Maroc (SGTM), the engineering and construction company, has amassed a record 34 billion dirhams in contracts as Morocco prepares to co-host the 2030 FIFA World Cup. General Director Hamza Kabbaj told Bloomberg the IPO will help SGTM access new financing tools, including project bonds and private debt markets, to sustain its growth. The company, which has delivered flagship projects such as Casablanca's Twin Center towers, Nador West Med port, and Rabat's renovated stadium, expects revenues to reach 14 billion dirhams in 2025. Riding the momentum of Morocco's infrastructure boom, estimated at $140 billion in investments by 2030, SGTM also plans to pursue major contracts abroad, particularly in Saudi Arabia, host of the 2034 World Cup. «The 2030 World Cup is an accelerator of Morocco's infrastructure development», Kabbaj said.
