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SGTM prepares Casablanca IPO to fund $3.4 billion construction boom

Moroccan construction giant SGTM is gearing up for an initial public offering (IPO) on the Casablanca Stock Exchange as it seeks funding to support a record-breaking $3.4 billion order book. The company, which has secured contracts worth MAD 34 billion as of September, aims to sustain its rapid expansion......

White House ballroom construction sparks controversy over historic preservation

Construction has begun on a $250 million ballroom addition to the East Wing of the White House, a project championed by former President Donald Trump. Demolition work has removed large sections of the East Wing’s covered entryway and windows as part of efforts to modernize the structure, which......

AMG Building launches mobile app to streamline remote construction management

AMG Building, a leading real estate developer based in Marrakech, Morocco, has unveiled a mobile application designed to simplify construction project management for clients. The app provides a centralized platform to monitor every stage of a project, from planning to completion, making it especially......

Australia cuts red tape to boost home building amid housing crisis

The Albanese government has announced a series of reforms aimed at cutting red tape and fast-tracking approvals for new homes, seeking to tackle Australia’s ongoing housing crisis. The measures include pausing further residential changes to the National Construction Code, establishing a “strike......

Prefabricated construction in Morocco set to surpass $500 million by 2029

Morocco’s prefabricated construction market is experiencing significant growth, driven by industrialization and diversification in materials and techniques, according to a 2025 report by Research and Markets. The market is projected to reach 4.2 billion Moroccan dirhams (MMDH) in 2025, reflecting......

Morocco’s TGCC eyes Gabon’s infrastructure projects in strategic expansion

Gabon’s President Brice Clotaire Oligui Nguema recently hosted Mohammed Bouzoubaa, CEO of Morocco’s leading construction group TGCC, to discuss key infrastructure projects aimed at modernizing the country. The talks centered on priority initiatives, including university hospital centers,......

Moroccan economy expected to grow by 4.4% in 2025

Morocco’s national economy is projected to maintain solid growth with a forecast of 4.4% in 2025 and 4% in 2026, according to the High Commission for Planning (HCP). This outlook is driven by improvements in agriculture and steady non-agricultural performance, supported by strong domestic demand. In......

Eco-construction focus: Nouaceur innovation lab launches design day for sustainable building

The Nouaceur Territorial Innovation Lab (NOTIL) is set to host its inaugural Design Day, a landmark event aimed at advancing Morocco's sustainable building practices through collaborative dialogue and skills development. The event will take place on Friday at the "Cité des Métiers......

Morocco accelerates highway expansion with 1,200 kilometers of new routes

Morocco is advancing an ambitious infrastructure agenda with the construction of nearly 300 kilometers of expressways already underway and plans for an additional 900 kilometers across key regions. The initiative aims to enhance connectivity, drive economic growth, and position the country as a regional......