Morocco Infrastructure Report 2016
BMI View: We forecast Morocco's construction sector will grow at 4.8% y-o-y in 2016 and average 3.5%over our 10-year forecast. This modest growth will be driven by expansion in the transport, energy andresidential sectors. The government's pro-investment policies will continue to attract business from a widerange of foreign firms and multilateral donors.
Latest Updates And Structural Trends
We maintain our forecast for 4.8% real growth over 2016, 3.5% over the next five years and annualaverage growth of 3.5% over our full 10-year forecast period. The spike in growth in 2016 comes aftermore than four quarters of sluggish growth.
Foreign investment is flowing into the market. We expect the government to be re-elected in theSeptember 2016 parliamentary elections, which will ensure policy continuity.
Growth will stem mainly from activity in the transport and energy and utilities sectors. The outlook forresidential and commercial construction is also upbeat.
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