At 31, Mohammed Bouzoubaa launched TGCC in his home garage. Thirty-five years later, the shares he owns in the Moroccan construction giant are worth approximately $1.6 billion.
Founded more than twenty years ago by an entrepreneur of Moroccan origin, the Spanish company Cosplaan has just been declared insolvent. This construction company, which employs 94 people in Catalonia, has accumulated nearly €20 million in debt.
SGTM enters the second half of 2026 with 34.8 billion dirhams in orders. The Moroccan construction giant is working in particular on the ports of Dakhla Atlantique, Nador West Med and Tanger Med, as well as on the future terminal at Casablanca’s Mohammed V Airport.
The labor shortage is worsening in Morocco. In construction, the average daily wage has now reached 220 dirhams. In agriculture, some farmers say they pay up to 400 dirhams for around five hours of work.
Several cities in northern Morocco want to equip themselves with new urban development master plans, in order to anticipate future socio-economic developments, especially since this region is promised a bright economic future. In this sense, they have launched studies.
The vast provincial campaign against anarchic constructions and urban planning violations led by the authorities of the province of Nouaceur for weeks continues. Since Wednesday, one of the most luxurious buildings located on the territory of the commune of Bouskoura is in the process of being demolished due to a blatant violation of urban planning and land use laws.
The authorities in the Casablanca-Settat region are on alert after receiving field reports revealing the proliferation of clandestine manufacturing units for construction materials that supply several major construction sites, including social housing projects, with poor quality products.
Barely rebuilt, the Prince Moulay El Hassan stadium in Rabat will be completely renovated as part of a new project.
The Urban Agency of Tangier is working to open up two new sectors under the Commune of Mghogha, on the eastern outskirts of the city of the strait, for urbanization. In this regard, it has launched a national call for tenders.
A 42-year-old man, the head of a masonry company specializing in energy renovation based in Bonneuil-sur-Marne, was indicted last week in Créteil (Val-de-Marne) for "fraud, money laundering and forgery and use of forgery". He is accused of illegally receiving 2.1 million euros in subsidies by filing false applications with the National Housing Agency (ANAH). A Moroccan would be involved in the case.
The Minister of the Interior, Abdelouafi Laftit, has just dispatched a commission from the territorial administration to control the urban planning sector in Meknes, after several scandals.
In Morocco, companies operating in the construction and building sector are facing a shortage of skilled labor, which is delaying the completion of many large-scale projects underway.