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Morocco Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

  • ID: 5575172
  • Report
  • February 2022
  • Region: Morocco
  • 47 Pages
  • GlobalData
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The Moroccan construction industry recovered in 2021, and registered an estimated growth of 10.6% in real terms, supported by steady progress in pre-Coronavirus (COVID-19) projects, along with a significant increase in Foreign Direct Investment (FDI). According to Morocco's Foreign Exchange Office, inward FDI reached MAD17 billion ($1.9 billion) in the first 11 months of 2021, at a year-on-year (Y-o-Y) increase of 13.9%. The construction industry value add increased by 12.5% in first three quarters of 2021. Improvements in the retail, manufacturing, and export sectors also bolstered growth in 2021.

The publisher expects the industry to continue to recover in 2022, registering growth of 3.3% in real terms - driven by increased government expenditure in transport, energy, and industrial sectors. In the draft Budget 2022, the government plans to allocate MAD1.3 billion to the Ministry of Transport and Logistics. Moreover, in November 2021, the Ministry of Foreign Affairs announced that Morocco will attract MAD14.5 billion ($1.6 billion) of global investment by 2024 to finance Integrated Wind Energy Program which aims to build six wind farms with a total capacity of 1,000MW by 2024. The government also continued to put its effort towards the development of the country’s automotive sector, attracting major automotive companies such as Renault, Tesla, and PSA to enter the country

Over the remainder of the forecast period, the industry is expected to register annual average growth of 3.8% between 2023-2026, supported by the government’s long-term plans to improve the country’s transport infrastructure and renewable energy sector, and also provide high-quality education and health services to its citizens. The government aims to generate 52% of electricity from renewable sources by 2030, and 100% by 2050. It also plans to increase the total installed capacity of renewable energy from 3.6GW in 2019 to 10GW by 2030. The country’s 2020-2027 National Drinking Water Supply and Irrigation Plan is also expected to support industry growth over the forecast period.

In June 2021, the International Finance Corporation (IFC) signed a memorandum of understanding (MoU) with the government 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 the Mohamed VI Investment Fund, help in boosting investment and reviving the economy, identify a pipeline of high impact projects and potential investors and support state-owned enterprises by identifying public-private partnership projects.

This 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 (2017-2021) and forecast (2022-2026) 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

1 Executive Summary2 Construction Industry: At-A-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Covid-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest News and Developments
4.2 Commercial Construction
  • Outlook
  • Project Analytics
  • Latest News and Developments
4.3 Industrial Construction
  • Outlook
  • Project Analytics
  • Latest News and Developments
4.4 Infrastructure Construction
  • Outlook
  • Project Analytics
  • Latest News and Developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project Analytics
  • Latest News and Developments
4.6 Institutional Construction
  • Outlook
  • Project Analytics
  • Latest News and Developments
4.7 Residential Construction
  • Outlook
  • Project Analytics
  • Latest News and Developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 Cri Methodology
7.4 Publisher Construction
  • Contact US

List of Tables
Table 1: Construction Industry Key Data
Table 2: Morocco, Key Economic Indicators
Table 3: Morocco, Commercial Construction Output by Project Type (Real % Change), 2017-2026
Table 4: Morocco, Top Commercial Construction Projects by Value
Table 5: Morocco, Industrial Construction Output by Project Type (Real % Change), 2017-2026
Table 6: Morocco, Top Industrial Construction Projects by Value
Table 7: Morocco, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026
Table 8: Morocco, Top Infrastructure Construction Projects by Value
Table 9: Morocco, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026
Table 10: Morocco, Top Energy and Utilities Construction Projects by Value
Table 11: Morocco, Institutional Construction Output by Project Type (Real % Change), 2017-2026
Table 12: Morocco, Top Institutional Construction Projects by Value
Table 13: Morocco, Residential Construction Output by Project Type (Real % Change), 2017-2026
Table 14: Morocco, Top Residential Construction Projects by Value
Table 15: Morocco, Key Contractors
Table 16: Morocco, Key Consultants
Table 17: Morocco, Construction Output Value (Real, $ Million)
Table 18: Morocco, Construction Output Value (Nominal, Mad Million)
Table 19: Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020-2026
Figure 2: Morocco, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026
Figure 3: Morocco, Covid-19 Confirmed Cases
Figure 4: Morocco, Risk Summary
Figure 5: Morocco, Risk Regional Comparison
Figure 6: Morocco, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-2026
Figure 7: Morocco, Construction Output Value, by Sector (Real, $ Million), 2017-2026
Figure 8: Morocco, Construction Value Add (Mad Million, 2007 Chained Prices)
Figure 9: Morocco, Loan Outstanding for Construction and Public Work (Mad, Million)
Figure 10: Morocco, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 11: Morocco, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: Morocco, Hotel and Restaurants Value Add (Mad Million, 2007 Chained Prices)
Figure 13: Morocco, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 14: Morocco, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Morocco, Manufacturing Industry Value Add (Mad Million, 2007 Chained Prices)
Figure 16: Morocco, Index of Export (Base 2012=100)
Figure 17: Morocco, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 18: Morocco, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Morocco, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 20: Morocco, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Morocco, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 22: Morocco, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Morocco, Education and Health Sector Value Add (Mad Million, 2007 Chained Prices)
Figure 24: Morocco, Residential Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 25: Morocco, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Morocco, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 27: Morocco, Headquarters of Key Consultants (% of Total Project Pipeline)