Morocco’s ADM reports 20 percent revenue rise, expands highways for 2030 World Cup

Tuesday 03 - 16:00

By: Dakir Madiha

Morocco’s ADM reports 20 percent revenue rise, expands highways for 2030 World Cup

Morocco’s national highway operator, Autoroutes du Maroc, posted a 20 percent increase in consolidated revenue in 2025, reflecting stronger traffic activity and a surge in construction works as the country accelerates infrastructure upgrades ahead of the 2030 FIFA World Cup.

Revenue reached MAD 6.78 billion, compared with the previous year. Income from highway operations grew by about 12 percent, while revenue linked to construction projects climbed nearly 42 percent, according to a filing submitted to the Moroccan Capital Markets Authority.

On a standalone basis, revenue exceeded MAD 4.5 billion at the end of December 2025, up from MAD 4.03 billion a year earlier. The increase signals steady performance across the company’s 2,177 kilometer highway network.

Gross investment totaled more than MAD 2.27 billion during the year. Spending focused on major infrastructure works and network modernization, including the Tit Mellil Berrechid highway and upgrades to the Sidi Maarouf and Ain Harrouda interchanges, two critical access points serving the Casablanca area.

Cumulative net investment after depreciation reached roughly MAD 72.27 billion. Consolidated debt stood at about MAD 35.53 billion, marking a 3 percent annual rise. The company said the increase reflects new financing drawdowns for ongoing projects, partly offset by scheduled repayments.

In March 2025, the state and Autoroutes du Maroc signed two protocols in Rabat outlining a long term investment program valued at MAD 12.5 billion through 2032. Total projected mobilization for the program stands at MAD 16 billion.

The plan centers on three strategic projects: the 60 kilometer Rabat Casablanca Continental highway linking Ain Atiq to Tit Mellil; the Tit Mellil Berrechid highway; and the transformation of the Ain Harrouda and Sidi Maarouf interchanges to ease congestion around Casablanca.

A separate MAD 1.2 billion agreement was concluded to finance land expropriation for the Rabat Casablanca Continental highway. The arrangement involves Autoroutes du Maroc, two government ministries, the Caisse de Dépôt et de Gestion and CDG Capitale. The funds will compensate landowners, clearing the way for construction to begin.

Officials said the projects aim to reduce traffic pressure along the Rabat Casablanca corridor, improve regional connectivity and facilitate access to Casablanca’s Grand Stadium, also known as Hassan II Stadium, in preparation for the 2030 World Cup, which Morocco will co host.

Morocco currently has nearly 300 kilometers of expressways under construction and plans an additional 900 kilometers. Among the largest schemes are the 104 kilometer Guercif Nador highway, budgeted at MAD 7.9 billion, and the Tiznit Dakhla expressway. Authorities also plan road rehabilitation works in 30 cities before the global football tournament.

Founded in 1989, Autoroutes du Maroc operates the second largest highway network in Africa after South Africa.