Report cover image

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

Publisher GlobalData
Published Aug 10, 2022
Length 44 Pages
SKU # GBDT17461856

Description

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

Summary

GlobalData has revised down the estimated growth for Morocco's construction industry in 2022—with the industry now expected to grow by 2.6% in real terms this year, down from the earlier estimate of 3.3%. This downward revision is attributed to the headwinds caused by rising inflation and supply chain disruptions caused by the Russia-Ukraine war. According to the High Commission for Planning (HCP), the value add of the construction industry grew by 1.8% year on year (YoY) in the first quarter of 2022, following Y-o-Y growth of 6.8% in Q4 and 14.2% in Q3 2021. According to the World Bank, economic growth in Morocco will decelerate in 2022, as the war in Ukraine will raise global commodity prices, which, combined with the drought, could increase Morocco's import bill and public subsidies, thereby affecting the current account and the budget balance.

The construction industry is expected to register an annual average growth of 3.8% from 2023 to 2026. Growth in the early part of the forecast period will be supported by increased investments in the transportation and energy sectors coupled with rising inward foreign direct investment (FDI). According to Office des Changes, Morocco's Exchange Office, inward FDI rose by 56% YoY in Q1 2022, rising from MAD2.5 billion ($269.1 million) in January-March 2021 to MAD3.86 billion ($415.4 million) January-March 2022. In another positive development, in February 2022, the government approved a MAD4.3 billion ($462 million) proposal from the National Office of Electricity and Drinking Water (ONEE) for the construction of 14 wastewater treatment plants by the end of this year. Previously, the Moroccan Ministry of Foreign Affairs announced in 2021 that country will attract MAD14.5 billion ($1.6 billion) in global investment by 2024 to finance a 1GW integrated wind energy programme. Over the remainder of the forecast period, the industry’s growth is expected to be supported by the government’s plan to improve the country’s industrial infrastructure and renewable energy sector and 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 plans to increase the total installed capacity of renewable energy from 3.6GW in 2019 to 10GW by 2030.

The report provides detailed market analysis, information, and insights into Morocco’s construction industry, including -
  • Morocco’s 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 Morocco’s 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 GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

44 Pages
  • About GlobalData
  • Executive Summary
    • Construction Industry Key Data
    • Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020–26
    • Figure 2: Morocco, Construction Output by Sector (Real % Change), 2020–22 and 2023–26
    • Economic Performance
    • Political Environment and Policy
    • Demographics
    • COVID-19 Status
    • Risk Profile
    • All Construction
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
    • Contractors
    • Consultants
    • Morocco, Construction Output Value (Real, $ Million)
    • Morocco, Construction Output Value (Nominal, MAD Million)
    • What is this Report About?
    • Definitions
    • CRI Methodology
    • GlobalData Construction
  • Contact Us

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us