The firm building a 115,000-capacity World Cup stadium is planning to IPO

The firm building the 115,000-capacity stadium being used in the 2030 Fifa World Cup is planning an IPO to fund a record level of orders.

SGTM – whose portfolio is mostly in civil infrastructure – is behind the construction of the Hassan II Stadium near Casablanca, which could host the World Cup final when Morocco co-stages the quadrennial tournament with Spain and Portugal. Argentina, Paraguay and Uruguay will also host matches to celebrate the centenary of the first World Cup.

The Moroccan firm is planning an IPO with the Casablanca Stock Exchange to fund its record number of orders having secured $3.7bn in contracts as of September, according to Bloomberg.

“We are preparing SGTM to be IPO ready, and we are c

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