A New Era for Public Works in Morocco
The public works sector in Morocco is entering a transformative phase. Houssam Yassine, a key figure at ALEQ, highlights that the country is no longer merely focused on construction; it is now dedicated to developing strategic infrastructures that meet increasingly stringent quality and governance standards.
This shift is largely driven by the vision of His Majesty King Mohammed VI, who has placed infrastructure at the heart of Morocco's economic transformation.
Strategic Priorities and Major Projects
As Morocco embarks on numerous large-scale projects, Yassine notes the impressive national order book. ALEQ is actively involved in critical sectors such as railways, ports, roads, and water management.
These initiatives require substantial investments and necessitate close collaboration among public entities, operators, and financiers. The country is gearing up for significant events, including the Africa Cup of Nations in 2025 and the World Cup in 2030.
Key projects include the Grand Stade Hassan II in Benslimane, which will become Africa's largest stadium, and the extension of the high-speed rail line to Marrakech and Agadir, aimed at connecting the nation swiftly. Additionally, initiatives like the 'Water Highways' and desalination plants are crucial for ensuring the country's water security.
ALEQ's Strategic Positioning
In response to these major contracts, ALEQ has established a clear strategy. The company aims to engage in foundational projects alongside key institutions such as ONCF, OCP, ADM, and ANP.
Operating in these complex environments demands a robust organizational structure and a high level of execution discipline. Since its inception in 1999, ALEQ has gained significant visibility in the public works sector, boasting a backlog exceeding 4 billion dirhams, which reflects the renewed trust of its partners and clients.
Financial Discipline in Public Works
Financial stability is a critical concern in the construction industry. Yassine emphasizes that managing growth effectively is essential in public works, where payment cycles and working capital needs require rigorous and proactive management.
At ALEQ, financial discipline is a cornerstone of governance. The company anticipates its financing needs to provide clarity to its partners, and it has structured its internal processes with precise reporting tools to minimize operational uncertainties.
Synergy for Future Infrastructure
Looking ahead, the future of infrastructure in Morocco hinges on synergy. Yassine explains that the current complexity necessitates a blend of technical oversight and risk management.
ALEQ's organizational structure includes several subsidiaries that work in a coordinated manner across the entire value chain. This approach enhances the management of interfaces among various trades and ensures impeccable final quality.
The company's priority remains focused on long-term actions and consistently honoring its commitments.