Construction Market in Morocco 2015-2019
About Construction Market in Morocco
The construction market in Morocco is steadily growing. The country has become an attractive destination for investment in the construction market, especially in the real estate and infrastructure construction sectors. The growth of the manufacturing industry in Morocco has also led to the accelerated growth of the commercial construction sector. Overall, the construction market in Morocco is one of the potential growth markets in Africa and is expected to flourish during the coming years.
Technavio's analysts forecast the construction market in Morocco to grow at a CAGR of 4.45% over 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the construction market in Morocco for the period 2015-2019. To calculate the market size, the report considers the GDP of Morocco and construction investment in the country. Both public and private investment in construction has been considered to calculate the market size. A detailed segmentation of the construction market in Morocco by sectors is provided in the report. The report also covers investments in the infrastructure, and residential and non-commercial construction segments in Morocco during the forecast period. In addition, the report discusses the major drivers that influence the growth of the construction market in Morocco. It also outlines the challenges faced by the vendors and the market at large, as well as the key emerging trends.Key Regions
Technavio Announces the Publication of its Research Report – Construction Market in Morocco 2015-2019
Technavio recognizes the following companies as the key players in the Construction Market in Morocco: Compagnie Générale Immobilière, Groupe Alliances, Groupe Jamai and Jascom Holdings
Other Prominent Vendors in the market are: Adgeco Group and Holmarcom Group
Commenting on the report, an analyst from Technavio’s team said: “Foreign investors are currently investing mainly in the real estate and residential construction markets. With growth of the tourism industry in Morocco, FDI in the construction market is further expected to increase. Rising demand for energy and transport infrastructure in the country will also contribute to the attractiveness of the market. With increased numbers of power and transportation projects in the country, foreign investment is expected to further increase during the forecast period.”
According to the report, the residential construction sector in Morocco has been experiencing strong growth over the last five years. Residential construction accounts for a majority share of construction activity in the country. The Moroccan population experienced an average growth rate during 2009-2013. The population of the country is expected to escalate by 2030. To accommodate the growing population, the government of Morocco is increasingly focusing on development of social housing. The affordable and luxury housing segments are driven by private investment.
Further, the report states that the construction market in Morocco faces a serious challenge of housing deficit in the country.
Compagnie Générale Immobilière, Groupe Alliances, Groupe Jamai, Jascom Holdings, Adgeco Group, Holmarcom Group
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