SGTM Wins Major Bid for Fes Sports Infrastructure Development
The SGTM group has successfully clinched a significant contract aimed at renovating the first phase of the sports complex in the city of Fes, with the project valued at over 2.8 billion dirhams. This initiative is part of broader efforts to modernize the sports infrastructure in Morocco in preparation for upcoming international sporting events.
This selection occurred following the deliberations of the bid opening committee from the National Agency for Public Equipment (ANEP), which concluded its work on October 2, 2026. According to excerpts from the bid opening minutes, SGTM presented a financial bid totaling 2,825,100,670.80 dirhams, including taxes. This bid was approved, surpassing the competing coalition's offer, which included the company Mosdah Boucht (EMB) and Inter Tridim, with a bid of approximately 3,151,650,079.80 dirhams.
The bidding for this contract commenced on September 23, when SGTM faced off against the aforementioned coalition for a project initially estimated at around 2.816 billion dirhams. The scheduled works for this phase encompass a wide array of technical interventions, including demolition and removal activities, major construction works, waterproofing, and the execution of metallic structures, in addition to cladding and ceiling installations, carpentry, and painting tasks.
The timeline for completing the project has been set at 20 months, aligning with the national program for upgrading and modernizing sports facilities, which coincides with ongoing preparations for significant sporting events, most notably the 2030 World Cup, which Morocco will co-host with Spain and Portugal.
This contract emerges at a time when SGTM is continuing to solidify its position in Morocco's large-scale construction and infrastructure market, benefiting from the growing volume of projects related to transportation, sports facilities, and public equipment. Financially, the group's order book reached approximately 34.8 billion dirhams by the end of June 2026, a slight decrease from 35.1 billion dirhams recorded at the end of 2025, indicating the group's sustained ability to maintain a high level of projects either in progress or planned.
Conversely, the consolidated turnover during the first half of 2026 saw a decline of 7.2%, settling at around 6.6 billion dirhams. Despite this downturn, the group managed to improve its net results, which rose by 7.3% to approximately 793 million dirhams during the same period, reflecting an enhancement in the group's profitability performance during the first half of the year.
The victory of SGTM in securing this contract further strengthens its presence in major infrastructure projects and adds a new venture to its portfolio within the sports facilities sector, which is currently experiencing significant momentum.
As reported by detafour.com.
