A consortium of two Moroccan construction companies has reportedly won a project worth over $1 billion to expand King Mohammed V airport in the western AtlanticA consortium of two Moroccan construction companies has reportedly won a project worth over $1 billion to expand King Mohammed V airport in the western Atlantic

Morocco awards Casablanca airport contract worth over $1bn

2025/12/19 17:40

A consortium of two Moroccan construction companies has reportedly won a project worth over $1 billion to expand King Mohammed V airport in the western Atlantic port of Casablanca.

The combined partnership of SGTM and TGCC emerged as the sole remaining bidder after Turkish competitor Kalyon Insaat was eliminated during administrative and technical evaluation, Moroccan media reported this week. 

The bid opening for one of the largest airport expansions in Morocco took place on Tuesday, following an international tender launched in early November.

The National Airports Office had initially estimated project costs at MAD12 billion ($1.2 billion), including taxes. 

The winning consortium’s offer totals MAD12.88 billion, with work scheduled to span 40 months across nine major construction phases.

The new terminal will accommodate nearly 20 million passengers annually, expandable to 30 million across 600,000 square metres. 

Designed in an “H” configuration with a central processor and two jetties, the facility will connect directly to the Tangier-Marrakech high-speed rail line.

The project includes construction of a new runway and control tower, though aeronautical infrastructure and specific equipment will be awarded through separate tenders, according to the reports.

Initial market interest was substantial, with 28 companies submitting expressions of interest in May. Nearly half were Chinese, including Sinohydro Corporation and China Civil Engineering Construction.

Spanish, Turkish, Egyptian, French, Indian, Swiss and Canadian companies also participated. 

The project is part of a $41 billion infrastructure development programme launched by Morocco in preparation for the 2030 football World Cup.

In June, Morocco approved a $3 billion plan dubbed “airports 2030” which aims to increase the number of passengers using its airports to a record 80 million.

The plan, outlined by Morocco’s transport minister Abdul Samad Qayouh in parliament, involves the expansion of facilities and the construction of new airports.

Nearly half the targeted number of passengers will be achieved through the expansion of the airport in Casablanca, Morocco’s largest city and business hub.

Qayouh said the plan also comprises quadrupling the fleet of Royal Air Maroc from around 50 to more than 200 aircraft by 2037.

Further reading:

  • Morocco bids to become solar panel exporter with $800m plant
  • Morocco approves $41bn in World Cup infrastructure spending
  • Moroccan World Cup stadium builder plans float
Market Opportunity
1 Logo
1 Price(1)
$0.006004
$0.006004$0.006004
+4.83%
USD
1 (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Russia’s Central Bank Prepares Crackdown on Crypto in New 2026–2028 Strategy

Russia’s Central Bank Prepares Crackdown on Crypto in New 2026–2028 Strategy

The Central Bank of Russia’s long-term strategy for 2026 to 2028 paints a picture of growing concern. The document, prepared […] The post Russia’s Central Bank Prepares Crackdown on Crypto in New 2026–2028 Strategy appeared first on Coindoo.
Share
Coindoo2025/09/18 02:30
Japanese Yen rises on safe-haven demand and intervention concerns

Japanese Yen rises on safe-haven demand and intervention concerns

The post Japanese Yen rises on safe-haven demand and intervention concerns appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) attracts some buyers at the
Share
BitcoinEthereumNews2025/12/22 11:49
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01