Casablanca – The Moroccan National Highways Company (ADM) has unveiled an ambitious investment plan totaling approximately $796 million over the next three years, aimed at significantly enhancing the country’s highway infrastructure. This investment is part of Morocco’s broader efforts to prepare for the 2030 World Cup, which the nation will co-host with Spain and Portugal.

According to a report accompanying the 2025 finance bill, ADM’s investment program will allocate about $274 million for 2025, $252 million for 2026, and $271 million for 2027. Key projects include the construction of the Rabat-Casablanca Continental highway, the Tit Mellil-Berrechid project, and the development of vital interchanges at Sidi Maarouf and Ain Harouda.

In the first half of 2024, ADM reported that it had achieved 42% of its annual investment targets, with expenditures reaching approximately $88 million. The company also anticipates a steady growth in revenue, projecting earnings of $445 million in 2025, $469 million in 2026, and $495 million in 2027. By the end of June 2024, ADM’s revenue had already surpassed $187 million, with expectations to reach around $414 million by year’s end, reflecting an 8% increase from 2023.

The financial report indicates that ADM has successfully rebounded from previous losses, reporting a net profit of approximately $170 million in 2023 after facing a loss of about $69 million the previous year. The company’s total investments for 2023 amounted to approximately $93 million, representing 55% of the projected annual investment target.

In line with King Mohammed VI’s vision, Morocco aims to expand its highway network to 3,000 kilometers by 2030, adding over 1,000 kilometers of new highways. Discussions are ongoing among stakeholders to finalize the details of this expansive investment program and its funding strategy, ensuring that Morocco is well-prepared for the upcoming global sporting event.