The Moroccan construction industry weakened in 2020 owing to the Coronavirus (COVID-19) outbreak, suffering a contraction of 3.8% in real terms, following growth of 1.9% in 2019. However, the construction industry recovered marginally in the first quarter of 2021, growing by 0.2% year on year (YoY), preceded by declines of 1.9% in Q4, 6.7% in Q3 and 12.4% in Q2 2020, according to the data released by High Commission for Planning (HCP). This improvement in the first quarter of 2021 is due to the pick-up in economic activity, following the opening up of the Moroccan economy.
The publisher expects the industry to continue recovering in 2021, and register growth of 5.2% in real terms - bolstered by high growth in the second quarter owing to low base effect, as the industry had suffered a sharp contraction in the second quarter of 2020 due to lockdown and containment measures. Thereafter, the industry is expected to stabilize, growing at an average rate of 3.7% between 2022 and 2025, supported by work on major infrastructure construction projects. Investment under programmes such as Morocco’s Urban Transport Program, Integrated Solar Energy Generation Program, the 2020-2022 Regional Health Infrastructure Program and the country’s 2020-2027 National Drinking Water Supply and Irrigation Plan is expected to support the industry growth over the forecast period.
In June 2021, the International Finance Corporation (IFC) signed a memorandum of understanding (MoU) with the Moroccan Ministry of Finance, Economy and Administration Reform to help in the post-COVID-19 economic recovery by supporting the country's new development roadmap over the next five years. As per the MoU, the IFC will provide support towards the implementation of Mohamed VI Investment Fund, help in boosting investment and reviving the economy, identify a pipeline of high impact projects and potential investors and support the state-owned enterprises by identifying public-private partnership projects.
This report provides a comprehensive analysis of the construction industry in Morocco. It provides -
The publisher expects the industry to continue recovering in 2021, and register growth of 5.2% in real terms - bolstered by high growth in the second quarter owing to low base effect, as the industry had suffered a sharp contraction in the second quarter of 2020 due to lockdown and containment measures. Thereafter, the industry is expected to stabilize, growing at an average rate of 3.7% between 2022 and 2025, supported by work on major infrastructure construction projects. Investment under programmes such as Morocco’s Urban Transport Program, Integrated Solar Energy Generation Program, the 2020-2022 Regional Health Infrastructure Program and the country’s 2020-2027 National Drinking Water Supply and Irrigation Plan is expected to support the industry growth over the forecast period.
In June 2021, the International Finance Corporation (IFC) signed a memorandum of understanding (MoU) with the Moroccan Ministry of Finance, Economy and Administration Reform to help in the post-COVID-19 economic recovery by supporting the country's new development roadmap over the next five years. As per the MoU, the IFC will provide support towards the implementation of Mohamed VI Investment Fund, help in boosting investment and reviving the economy, identify a pipeline of high impact projects and potential investors and support the state-owned enterprises by identifying public-private partnership projects.
The publisher’s report provides detailed market analysis, information and insights into the Moroccan construction industry, including:
- the Moroccan construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Moroccan construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Morocco. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Morocco, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market DataContact The Publisher
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
