Grand Stade Hassan II — Casablanca
Pre-Market Positioning — Internal View Only Verified Pipeline Segment · C-01 / ANEP 2026
Restricted Deal Flow C-01 / PLF 2026 / ANEP Confirmed
Grand Stade Hassan II —
Peripheral PPP Lots
What Most Investors Only See
After Positioning Is Taken

The stadium is public. The value is in the surrounding infrastructure layers — where revenue is structured, and where capital is positioned. Three standalone BOT concession lots: 10,463-space parking, BRT/RER express link, perimeter commercial zones.

These lots are pre-tender. Once tendered publicly, the positioning window closes.

Verified: ANEP / PLF 2026 / World Cup 2030 Official Program
Access subject to investor qualification
Deal Parameters — Entry Layer
What the Structure Confirms
Investment Range
$150M – $400M
Peripheral PPP lots only. Total peripheral budget: MAD 1.5–4B. Full breakdown: restricted.
Legal Structure
BOT / Concession
Standalone concessions under Law 86-12 (2014) and Law 46-18 (2020). Full terms: restricted.
Concession Duration
20 – 30 Years
Aligned with World Cup 2030 mandate and ANEP urban mobility plan horizon. Exit modelling: restricted.
Revenue Model
Availability + Hybrid
Sovereign availability payments plus direct operating revenues. Parking: MAD 15–30/hr. Full P&L: restricted.

The opportunity is not the stadium.
It's the surrounding infrastructure layers — where revenue is structured, where capital is positioned.

The Grand Stade Hassan II (115,000 seats) is confirmed with primary public financing by ANEP. The State builds the stadium. What it does not build — and what it awards to private capital — is the infrastructure required to make it function.

Three standalone PPP lots. Three independent concession agreements. Three separate revenue engines — each with its own demand profile, its own payment structure, and its own entry window.

"ANEP provides freehold land for the full concession term. The State finances 75% of the stadium — creating guaranteed client flow. Casablanca is a confirmed World Cup 2030 flagship host city."

Source: PPP Construction Morocco — Verified Projects Portfolio 2026 / ANEP / PLF 2026

Each lot is awarded independently under Morocco's established PPP legal framework (Law 86-12 / Law 46-18). Revenue flows through a combination of sovereign availability payments — the public authority pays the concession holder regardless of utilisation — and direct operating revenues from parking fees, transit ticketing, and commercial lease income.

The PLF 2026 — Morocco's Finance Bill allocating MAD 380 billion in public investment, the largest in the country's history — confirms the programme. The CNPPP, chaired by the Prime Minister, has identified over 60 PPP opportunities representing MAD 50 billion across sectors. This project is one of the most advanced.

What is being offered here is not exposure to the stadium. It is a structured position in the infrastructure that will serve it — before concession terms are publicly tendered, before competitive allocation narrows the window.

Deal Intelligence
The Stadium Is Visible.
The Value Is Structured Around It.

Three concession lots. Three independent revenue engines. Each positioned before public tender exposure. Pre-market positioning

The largest single concession lot. 10,463 spaces, underground. Build-Operate-Transfer structure over 20–30 years.

The availability payment floor protects against utilisation risk. Even at zero events, the sovereign payment is contractually fixed. Casablanca city-centre rates: MAD 15–30/hr. EBITDA margins at comparable facilities: 55–65%.

World Cup 2030 creates a guaranteed demand ceiling that validates occupancy projections before the concession even begins.

Full financial model, occupancy assumptions and payment terms — restricted access

Connects the stadium zone to Casablanca's urban transit grid. Hard deadline: operational before 2030. That mandate compresses timelines and de-risks delivery uncertainty.

Revenue model: transit ticketing (peak event + daily commuter) plus public service obligation availability payments for non-peak periods. Precedent: Casablanca tramway extensions, Rabat BRT — both operating under comparable structures.

Ridership modelling, ticketing structure and concession payment terms — restricted access

The perimeter lot covers road access, pedestrian circulation, public spaces, and integrated commercial zones. Hybrid PPP: management concession generating commercial lease income, event-access fees, and advertising rights over ANEP freehold land.

High-footfall retail and F&B concessions at comparable stadium perimeters generate annualised revenues that rival the underlying infrastructure operation. ANEP land ownership provides the asset security base for long-term commercial lease structuring.

Commercial lease terms, footfall projections and revenue share structure — restricted access
Revenue Architecture
Revenue Stream Composition — Indicative Model
Availability Pmts
72%
Parking Revenue
58%
Transit Ticketing
41%
Commercial Leases
Event Premium
Full financial model — restricted access only
Blended revenue structure designed to eliminate single-source dependency. Detailed breakdown available after access approval.
Revenue Logic
Revenue Visibility Is Engineered — Not Assumed

The availability payment mechanism removes demand risk from the equation. The State pays — contractually — regardless of utilisation. That is the foundation.

Above that floor, three independent revenue streams operate in parallel: parking fees at MAD 15–30/hr (365 days/year), transit ticketing across commuter and event flows, and commercial lease income on ANEP freehold land. Non-correlated. Non-competing.

World Cup 2030 creates a hard demand ceiling that makes the base projections conservative, not optimistic. Casablanca as flagship host city = political priority + timeline enforcement + minimum infrastructure delivery mandate.

EBITDA Margin
55–65%
Parking operations benchmark
Availability Floor
Sovereign
State-backed payment obligation
Return Target
██–██%
Full model: restricted Access layer restricted
Land Security
ANEP
Freehold for full concession term
Positioning Window
Most Investors
Arrive Too Late

By the time a PPP project appears in public tender documentation, concession terms are fixed. Strategic positions are allocated. Risk is priced.

The pre-tender window is not a rumour. It is a documented phase in the CNPPP process. This project is in that phase now.

"Access timing defines positioning."
01
Concession Terms Are Being Structured Now
Terms set in this phase govern returns for 20–30 years. Once publicly tendered, they are fixed. Non-negotiable.
02
World Cup 2030 Creates a Hard Deadline
Infrastructure must be operational before 2030. This mandate compresses timelines and accelerates the positioning window for capital moving now.
03
Strategic Allocation Is Not Publicly Announced
ANEP, CNPPP and SDL Casa engage qualified operators before formal tender publication. Positioning happens in the pre-exposure window.
04
MAD 380B Investment Context Is Live
PLF 2026 — the largest public investment budget in Morocco's history — is active. Capital is flowing. Projects confirmed in 2026 will not wait.
Security Architecture
Government Guarantee Structure
ANEP Land — Freehold
ANEP owns the land and provides freehold title for the full concession term. Asset security is sovereign, not commercial.
State CAPEX — 75% Stadium
The State finances 75% of the stadium, creating a permanent guaranteed client base. Demand risk structurally mitigated before operations begin.
World Cup 2030 Mandate
Casablanca's status as a FIFA World Cup 2030 flagship host city creates sovereign political priority for delivery and timeline enforcement.
Investor Access
This Is Not a Public Listing. Access Layer Restricted

Full deal intelligence is available only to qualified investors who have completed access verification. What you are reading is the entry layer.

Supremium International structures access to Morocco's pre-tender PPP pipeline for institutional capital that meets qualification criteria.

The full dossier includes concession structuring documents, financial modelling, government alignment details, and entry positioning strategy — none of which appears in public sources.

Not all applicants are approved. Access is aligned with capital capacity and strategic fit. Applicants who do not meet the qualification threshold are not admitted to the deal layer.
Access is reviewed. Not granted automatically. Allocation windows are limited.
Full PPP Structuring Document
Concession architecture, lot-by-lot breakdown, legal framework references (Law 86-12 / Law 46-18), and payment mechanism details.
Financial Models — All Three Lots
Availability payment floors, operating revenue projections, EBITDA modelling, and exit valuation at years 10, 15, and 20.
Government Alignment Details
ANEP, CNPPP, SDL Casa contact framework, tender timeline, qualification criteria, and sovereign guarantee documentation.
Entry Positioning Strategy
Pre-tender engagement roadmap: which lots offer optimal risk-adjusted entry and how to position before public exposure.
Restricted — Access Required
Complete the access request to view financial models, government contacts, and full concession structuring details.
MAD 1.5B–4B total peripheral budget. Parking BOT: 10,463 spaces, availability payment floor MAD 180M/yr, operating revenue MAD 65–195M/yr at 65% occupancy. BRT link: 18km corridor, MAD 2.1B CAPEX, ADM co-investment 40%. Perimeter commercial: 47,000m² GLA, MAD 1,200–2,400/m²/yr lease rates. CNPPP pre-qualification reference: C-01-ANEP-2026.
Decision Point
You've Seen Enough to Understand
the Structure.
Not Enough to Access It.
Full deal visibility begins after qualification.

Concession structuring, financial modelling, government alignment details, and entry positioning strategy are only available after access verification. Institutional capital that moves now engages on terms. Capital that moves later engages on price.

Limited allocation windows·Institutional capital only·Access reviewed, not automatic