Construction Industry in Morocco Expected To Rise At A Compound Annual Growth Rate (CAGR) Of 4.07% Till 2020

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In real terms, Moroccos construction industry is set to perform relatively well over the forecast-period (20162020), compared to the review period (20112015). The industrys growth over the forecast period will be driven by investment in infrastructure, energy and residential construction projects.

The industrys output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.07% over the forecast period, up from 1.26% during the review period.

Government efforts to improve transport infrastructure will support industry growth over the forecast period. Plans to increase energy production in the country are also expected to support funding in energy infrastructure projects. In the first quarter of 2016, a consortium consisting of the Moroccan energy company Nareva, Germanys Siemens Wind Power and Italys Enel Green Power announced plans to develop five wind power projects in the country, with 850MW in combined generation capacity. Due to urbanization and population growth, demand for construction services is set to rise. Investment in social housing projects will also support industry growth.

The government is seeking help from private investors to improve the country’s infrastructure. The government plans to launch the countrys first construction project as a public-private partnership (PPP) in 2016.

Summary
Timetrics Construction in Morocco Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Moroccan construction industry including:

Moroccan construction industry’s growth prospects by market, project type and construction activity

Analysis of equipment, material and service costs for each project type in Morocco

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

Data highlights of the largest construction projects in Morocco

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Scope
This report provides a comprehensive analysis of the construction industry in Morocco It provides:

Historical (2011-2015) and forecast (2016-2020) 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 project type

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)

Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Detailed profiles of the leading construction companies in Morocco

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
Despite economic growth and constitutional reforms, real estate transactions in the country decreased in 2015. According to Bank Al-Maghrib, real estate transactions in the country registered a decline of 2.7% in 2015, after an expansion of 15.9% in 2014. Consequently, the total number of real estate transactions declined from 129,732 in 2014 to 126,217 in 2015.

In January 2016, the government launched various transport infrastructure projects in Casablanca, the countrys biggest city and economic capital, under the 20152020 Casablanca Strategic Development Plan. The projects outlined by the government under this strategy include the expansion of the first line and construction of the second line of Casablanca tramway, a tunnel on the national road RN1 and the development of the city road network. Through the plan, the government aims to support economic and urban development, improve living standards and ensure social and economic inclusion.

The Moroccan construction industrys growth will be driven by a government plan to increase the share of renewable energy in terms of total energy consumption, encouraging investment in renewable energy infrastructure. To reduce the countrys reliance on imported energy and the heavy burden of fuel subsidies on treasury resources, the government is developing renewable energy infrastructure. The government aims to generate 42% of the countrys total electricity needs through renewable sources by 2020, and 52% by 2030.

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