Casablanca-based engineering, procurement and construction firm SGTM plans to list its shares on the Casablanca Stock Exchange and raise debt to fund a record level of contracts, Bloomberg. The move comes as Morocco ramps up preparations to co-host the 2030 FIFA World Cup.

SGTM has secured a record 34 billion dirhams ($3.7 billion) in contracts as of September, covering stadium construction, high-speed rail extensions, port development, desalination plants, and green hydrogen projects. The company is leading construction of the 115,000-seat King Hassan Stadium, set to be one of the world’s largest, and has recently completed a full renovation of Rabat’s main stadium.

Director General Hamza Kabbaj said the firm is preparing for an initial public offering and plans to issue project bonds and access private debt markets to support its growth. He added that the World Cup alone is boosting SGTM’s business by around 15 percent, with overall revenue expected to reach 14 billion dirhams in 2025.

Kabbaj highlighted challenges from rising input costs and talent shortages, noting the need for financial agility and innovation. The firm is also seeking opportunities beyond Morocco, particularly in Saudi Arabia, host of the 2034 World Cup.

Morocco is attracting investment of about 140 billion US dollars by 2030, positioning itself as a key hub for large-scale infrastructure in a region facing economic volatility.