A joint venture of TGCC and SGTM submitted the only bid for the $320m construction deal
A joint venture of local contractors Travaux Generaux de Construction de Casablanca (TGCC) and Societe Generale des Travaux du Maroc (SGTM) has been awarded the $320m contract for the next stage of construction works for the Grand Stade Hassan II stadium, which will serve as one of the venues for the 2030 Fifa World Cup tournament.
The two contractors submitted the only offer ahead of the tender deadline on 10 June.
The contract duration will be 30 months from the start of construction.
SGTM won a $35m contract last year to undertake the early works.
The stadium is being built on a 100-hectare site in the El-Mansouria area of Benslimane Province, 38 kilometres north of Casablanca.
In March last year, MEED reported that Morocco had appointed US-based architectural firm Populous and France's Oualalou+Choi to design the stadium.
The construction works are expected to be completed by 2028.
State-owned fund Caisse de Depot et de Gestion (CDG) signed a deal worth about $500m to finance the stadium’s construction.
Six other stadiums will be renovated in the cities of Agadir, Casablanca, Fez, Marrakech, Rabat and Tangier, to host the African Cup of Nations in 2025 and the 2030 Fifa World Cup.
Morocco will be the second African country to host the World Cup after South Africa in 2010. It is hosting the tournament jointly with Spain and Portugal.
READ THE JUNE 2025 MEED BUSINESS REVIEW – click here to view PDF
Gulf accelerates AI and data centre strategy; Baghdad keeps up project spending, but fiscal clouds gather; Banking stocks rise despite lower global oil prices
Distributed to senior decision-makers in the region and around the world, the June 2025 edition of MEED Business Review includes:
> AGENDA 1: Data centres churn investments > AGENDA 2: Gulf seizes AI opportunities > MEED TOP 100: Middle East stocks defy lower oil prices > SAUDI ARABIA: Riyadh confirms capital expenditure cuts > INTERVIEW: Mena crucial to Veolia’s growth plan > GULF PROJECTS INDEX: Gulf projects index leaps 4.3% > CONTRACT AWARDS: Region sees third month of weak awards activity > ECONOMIC DATA: Data drives regional projects > OPINION: Dealmaking trumps the Truman Doctrine |
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