CIC - Construction Intelligence Center

Morocco Construction Growth to Continue

13 Sep 2017

Morocco’s construction industry is expected to reach a value of US$17.9 billion in 2021 in real terms, measured at constant 2010 US dollar exchange rates, according to Timetric’s Construction Intelligence Center (CIC).

According to the report, construction sector growth over the forecast period to 2021 will be supported by government efforts to develop the country’s transport infrastructure. Moreover, efforts to increase the country’s energy production capacity, with a particular emphasis on renewable methods, are also expected to support investment in energy infrastructure projects over the forecast period. In the 2017 budget, the government allocated MAD11.7 billion (US$1.2 billion) to develop renewable energy projects in the country.


The industry’s output value in real terms recorded a compound annual growth rate (CAGR) of 2.3% during the review period, and is expected to post a forecast-period CAGR of 3.7%.


Residential construction was the largest market in the Moroccan construction industry during the review period, accounting for 26.9% of its total value in 2016. The market is expected to maintain its leading position over the forecast period, accounting for 28.4% of the industry’s total value in 2021. Market growth over the forecast period is expected to be supported by government efforts to provide low-cost housing to the country’s low- and middle-income populations. Accordingly, the Ministry of Housing and Urban Planning has announced plans to construct 150,000 new social housing units every year until 2020. 


Commercial construction was the second-largest market in the industry during the review period, accounting for 26.4% of its total value in 2016. Market expansion over the forecast period is expected to be supported by the government’s focus on developing the country’s tourism sector, which will drive funds towards leisure and hospitality building projects over the forecast period. 


“Government plans to set up an organized retail sector in the country are also expected to contribute to a positive outlook for the retail buildings category over the forecast period,” comments Danny Richards, Lead Economist at Timetric's CIC.


About this report


This information is taken from the Timetric report: ‘Construction in Morocco- Key Trends and Opportunities to 2021’.


To find out more information about the report, please contact us at reports@timetric.com. To purchase the full report, click here


About the Construction Intelligence Center


The Construction Intelligence Center (CIC) is the most comprehensive source of data and analysis on the global construction industry. The Construction Intelligence Center is a product of Timetric, which provides information solutions and technologies that enable organizations to drive business value and manage business risk.


For more information and updates, please visit www.construction-ic.com.


About Timetric


Timetric is a leading provider of online data, analysis and advisory services on key industry sectors. It provides integrated information services covering risk assessments, forecasts, industry analysis, market intelligence, news and commentary.
For more information and updates, please visit www.timetric.com.


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Source: Company Press Release