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Home Business

Benghazi Chamber of Commerce hosts Casablanca Public Works Company (TGCC) – seeks to create partnership

bySami Zaptia
February 1, 2024
Reading Time: 2 mins read
A A
Libyan eastern government to build 300k bpd Tobruk refinery with foreign investors on BOT basis

The Benghazi Chamber of Commerce, Industry and Agriculture, headed by Acting Chairman, Moneim Al-Saeeti, hosted last Tuesday (30 January) the Consul General of Morocco, Saeed Benkirane, in the city of Benghazi in the presence of the representatives of the Casablanca Public Works Company (TGCC).

The meeting included presenting a programme of working visits sponsored by the Benghazi Chamber of Commerce to introduce TGCC to a group of Libyan institutions and companies in the public and private sectors to establish a real partnership. The aim is for this partnership to advance and accelerate the Libyan economy’s development and investment and revitalise trade between the two countries.

Aspects of cooperation in various economic, commercial and investment fields were discussed, as well as enhancing and facilitating procedures and overcoming difficulties for businessmen, companies, exporters and investors between the two parties.

The meeting also addressed the definition of the specializations and purposes of TGCC, which has been listed on the Casablanca Stock Exchange since 2021. The company, which had opened a branch in Libya in 2023, had a turnover of more than 550 million euros in 2022.

It was founded in 1991 with 75 percent of shares to its owner and the rest divided among some banks and a European investment fund in Malta in 2014. It carries out construction and investment activities in West African countries (Ivory Coast – Senegal – Guinea – Gabon – Cameroon).

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It has a branch specialized in technical studies and financing in Paris. It is considered one of the largest construction companies in Morocco, and among its projects is the Mohammed VI Tower, with a height of 250 meters, 52 floors, on a total covered area of 52 thousand square meters.

It has implemented several major projects, including:

  • The Four Seasons Hilton and other hotels, including the Amanjena Marrakesh Resort and the Cristiano Ronaldo Hotel
  • Mohammed V Airport, Casablanca
  • Marrakesh Airport
  • Tangier Airport
  • Essaouira Airport
  • Main train stations
  • Railway corridors
  • Major industrial and commercial complexes, including IKEA

It has also implemented other major housing projects, including the Bouskoura residential complex and its accompanying golf course on an area of 200 hectares.

 

Tags: Benghazi Chamber of CommerceCasablancaMorocco Moroccan

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