M’hammed Kabbaj’s stake in SGTM is now worth nearly 15.9 billion dirhams on the stock market, or approximately 1.72 billion dollars. A fortune still absent from major international rankings.
The National Railway Office (ONCF) has just awarded the construction of the Hay Riad railway station in Rabat to the Société Générale des Travaux du Maroc (SGTM). The infrastructure should be delivered before the 2025 Africa Cup of Nations, organized by Morocco.
Launched four years ago south of the city of Kénitra , the mega-project "Mehdia Sustainable City" is struggling. The subject of an agreement between the Moroccan state and the Emirati group, International Investment Group (IIG), "Mehdia Sustainable City" has had to scale back its ambitions.