We forecast Morocco's construction sector will grow at 4.8% y-o-y in 2016 and average 3.5% over our 10-year forecast. This modest growth will be driven by expansion in the transport, energy and residential sectors. The government's pro-investment policies will continue to attract business from a wide range of foreign firms and multilateral donors.
Latest Updates And Structural Trends
- We maintain our forecast for 4.8% real growth over 2016, 3.5% over the next five years and annual average growth of 3.5% over our full 10-year forecast period. The spike in growth in 2016 comes after more than four quarters of sluggish growth.
- Foreign investment is flowing into the market. We expect the government to be re-elected in the September 2016 parliamentary elections, which will ensure policy continuity.
- Growth will stem mainly from activity in the transport and energy and utilities sectors. The outlook for residential and commercial construction is also upbeat.
Table: Infrastructure - Construction Industry Forecasts (Morocco 2016-2022)
Table: Infrastructure Risk Reward Index (Morocco 2016-2016)
Construction And Infrastructure Forecast Scenario
Table: Construction And Infrastructure Industry Data (Morocco 2016-2026)
Construction and Infrastructure Forecast Scenario
Transport Infrastructure - Outlook and Overview
Table: Major Project - Transport
Energy And Utilities Infrastructure - Outlook And Overview
Table: Major Projects - Energy and Utilities
Residential/Non Residential Building - Outlook And Overview
Table: Major Projects - Residential and Non-Residential Building
Industry Risk Reward Ratings
Morocco - Infrastructure Risk Reward Ratings
Africa - SSA Infrastructure RRI: Capital Constraints Biting
Table: SSA Infrastructure Risk/Rewards Index Table, Q116
Holcim Maroc S
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Infrastructure Risk/Reward Index Indicators
Table: Weighting Of Indicators