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SGTM Secures $215M Contract to Build Bou Ahmed Dam in Chefchaouen
SGTM has won a prestigious public‑works contract worth 2.24 billion Moroccan dirhams (about $215 million) to construct the Bou Ahmed dam in the Chefchaouen province. The award follows a competitive bidding process where SGTM bested rivals SOMAGEC and SBTX, reinforcing its status as a leading player in Morocco’s large‑scale hydraulic infrastructure sector.
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Project Overview
SGTM has been selected to construct the Bou Ahmed dam in the Chefchaouen province after winning a competitive tender launched by the relevant authorities.
The company outbid rivals SOMAGEC and SBTX with a final bid of 2.24 billion Moroccan dirhams (including taxes), after a bid adjustment.
The dam is a strategic hydraulic infrastructure aimed at boosting water capture and security for the region.
Impact on SGTM
- Strengthens SGTM’s order book with a high‑value public‑works contract.
- Reaffirms the firm’s leading position in large‑scale water‑resource projects across Morocco.