Development of Construction in Morocco Industry : Trends and Application 2017

In real terms, the Moroccan construction industry posted positive growth during the review period (20122016) despite political instability. The industry was supported by effective political reforms implemented by the government, coupled with large-scale investments in various transport and residential infrastructure projects.

Over the forecast period (20172021), industry growth is expected to be supported by government efforts to upgrade the countrys transport infrastructure and improve the countrys energy production capacity.

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The governments aim to encourage the participation of the private-sector in economic growth through public-private partnerships is expected to bode well for the industry over the forecast period. Timetric expects the construction output to register a compound annual growth rate (CAGR) of 3.74% in real terms from 2017 to 2021.

Summary
Timetrics Construction in Morocco Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Moroccan construction industry
Profiles of the leading operators in the Moroccan construction industry

Scope
This report provides a comprehensive analysis of the construction industry in Morocco. It provides:
Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Morocco using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Detailed profiles of the leading construction companies in Morocco

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Reasons To Buy
Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

Key Highlights
In May 2016, the Chinese government signed a memorandum of understanding with the Moroccan government to develop a new industrial city with a total investment of MAD98.3 billion (US$10.0 billion) in Tangiers.
In a bid to promote economic growth, in November 2016 the government, announced plans to invest MAD77.0 billion (US$7.8 billion) until 2021 to develop various public infrastructure projects in the Western Sahara region.
Under the 20142018 Integrated Development Program for Bouregreg Valley, in June 2017 the government, signed an agreement to develop a skyscraper in Rabat with a total investment of MAD3.7 billion (US$375.0 million). This includes the construction of a 45-storey tower with several hotels, offices, luxury apartments, the National Archives of the Kingdom of Morocco, and an arts and culture house.
The development of transport infrastructure is vital to Moroccos economic growth. In January 2016, the African Development Bank granted a loan worth MAD1.1 billion (US$112.3 million) until 2020 to develop rail infrastructure projects in the country.
According to Timetric, the energy and utilities construction market is expected to record a CAGR of 6.38% over the forecast period, as compared with 4.90% registered during the period. Market growth is expected to be supported by the governments aim to reduce reliance on energy imports. Accordingly, in January 2017, the government announced plans to generate 4,000MW of energy from renewable sources by 2020, owing to the vast potential of the renewable sector. This is expected to drive funding towards renewable energy infrastructure projects over the forecast period.

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