TGCC (Travaux Généraux de Construction de Casablanca), a global leader in industrial, public, and building construction, achieved an operating revenue of nearly 3.8 billion dirhams (MMDH) in the first half of 2024, marking a 30% increase compared to the same period in 2023.
This strong performance is attributed to favorable market conditions in the construction sector, driven by intensified production in strategic areas such as healthcare and education, as well as the completion of major projects both domestically and internationally, according to a statement from TGCC. The company’s order book reached 8.6 billion dirhams by the end of June, reflecting robust commercial momentum and accelerating demand in the sector.
Investment for the first half of 2024 totaled 78.3 million dirhams (MDH), representing a 53% decrease compared to the same period in the previous year. This decline is attributed to the substantial investments made in 2023, which have equipped TGCC to meet current production needs effectively.
To support its growth trajectory, TGCC plans to continue modernizing and renewing its fleet of machinery and equipment throughout the year.
Meanwhile, TGCC’s net debt increased to 1.135 billion dirhams (MDH), in line with the group’s expansion and production pace.
