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TGCC and SGTM secure $320 million contract for Casablanca's Grand Stadium

Morocco's construction powerhouses TGCC and SGTM have been awarded the second lot of the Grand Stade Hassan II project in Casablanca, a significant infrastructure initiative planned for Benslimane. The contract, valued at MAD 3.2 billion ($320 million), follows the conclusion of the tender process......

Cement consumption in Morocco grows by 9.4% in 2024 amid construction boom

In 2024, cement consumption in Morocco saw an increase of 9.4%, driven by the booming construction sector, fueled by rapid infrastructure development and preparations for upcoming international sporting events such as the 2025 Africa Cup of Nations and the 2030 World Cup. In this context, the company......

New developments for the Morocco-Spain tunnel project

Doubts linger regarding the feasibility of the proposed tunnel between Spain and Morocco. To gather comprehensive data on the viability and costs of this megaproject, new studies have been commissioned to a German firm. The Spanish public company Ineco recently issued a call for tenders for the "feasibility......

Moroccan construction firm TGCC secures $430 million stake in STAM

TGCC (Travaux Généraux de Construction de Casablanca) has signed an agreement to acquire a 60% controlling stake in STAM (Société de Travaux Agricoles Marocains), in a deal valued at MAD 4.3 billion ($430 million). The transaction includes STAM's 55% ownership of VIAS......

H&S Invest Holding expands real estate portfolio with GIDNA partnership

H&S Invest Holding, chaired by Moncef Belkhayat, has taken a significant step in its growth strategy by acquiring a co-controlling 25% stake in GIDNA, a Moroccan company specializing in construction and public works. This move, pending approval from the Competition Council, aims to drive GIDNA’s......

Fatal fire at Busan hotel construction site claims at least six lives

A deadly fire has claimed the lives of at least six individuals at a hotel construction site in Busan, South Korea. The incident occurred Friday morning and quickly escalated. Firefighters, including a team of 90 personnel, responded to the blaze, deploying helicopters to rescue trapped workers, including......

Morocco's construction sector advances sustainable building practices at Boznika conference

The city of Boznika recently hosted a pivotal conference focused on sustainable construction, marking a significant step towards environmentally responsible building practices. In an era where sustainable building has transitioned from option to necessity, LafargeHolcim Morocco, in collaboration with......

Morocco invests $15.46 million to expand mosque infrastructure in 2025

Morocco's Ministry of Endowments and Islamic Affairs has allocated MAD 154.6 million ($15.46 million) for mosque construction in 2025, as part of a comprehensive religious infrastructure development program. Minister Ahmed Toufiq announced the funding will support the completion of 23 ongoing mosque......

Morocco invests MAD 154.6 million in new mosque development for 2025

Morocco's mosque infrastructure is set to expand significantly in 2025, with the Ministry of Endowments and Islamic Affairs allocating MAD 154.6 million for mosque construction projects across the country. Minister Ahmed Toufiq announced that the funding will support the completion of 23 existing......