Moroccan construction giant SGTM has already lined up 37.3bn dirhams worth of work as the country pushes ahead with major ports, airports and World Cup projects.
The company started 2026 with strong momentum. Revenue reached 3bn dirhams in the first three months of the year, up 2.6% compared with the same period in 2025. Corporate revenue stood at 2.5bn dirhams.
Much of that work is tied to some of Morocco’s biggest building sites. SGTM is helping build the Dakhla Atlantic Port, expand Tanger Med and Nador West Med ports, and deliver several industrial projects.
The group is also working on the Laâyoune viaduct, the expansion of Agadir airport and the huge Grand Stade Hassan II stadium in Benslimane, which is expected to play a central role in the 2030 FIFA World Cup.
The stadium project alone has become one of the largest construction contracts in Morocco. SGTM and TGCC recently secured a 3.7bn dirham deal to build the stadium’s massive roof and outer structure. The arena is expected to hold 115,000 spectators.
The company has also started early work on the future terminal at Casablanca Mohammed V International Airport.
To keep up with demand, SGTM invested nearly 130m dirhams in the first quarter of the year. The money is being used to buy and upgrade heavy equipment needed for lifting, transport and logistics at large construction sites.
Its financial position has also improved sharply. At the end of March 2026, SGTM reported net cash of 12.8m dirhams. Just three months earlier, the company had net debt of 156.1m dirhams.
The turnaround follows a blockbuster 2025 for the group after its stock market debut in Casablanca. SGTM’s net profit jumped by 127.6% last year to reach 1.34bn dirhams.
The company’s growing order book was also boosted by new contracts in Benin, where SGTM is building several commercial projects as part of its expansion into West Africa.
Public sector projects now account for 26.2% of SGTM’s orders. Semi-public projects make up 71%, while private sector contracts represent 3%.
