PUBLISHER: GlobalData | PRODUCT CODE: 1069673
PUBLISHER: GlobalData | PRODUCT CODE: 1069673
Morocco Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
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
Table of Contents
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 COVID-19 Status
- 3.5 Risk Profile
4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
6 Construction Market Data
7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
List of Tables
List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Morocco, Key Economic Indicators
- Table 3: Morocco, Commercial Construction Output by Project Type (Real % Change), 2017-26
- Table 4: Morocco, Top Commercial Construction Projects by Value
- Table 5: Morocco, Industrial Construction Output by Project Type (Real % Change), 2017-26
- Table 6: Morocco, Top Industrial Construction Projects by Value
- Table 7: Morocco, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
- Table 8: Morocco, Top Infrastructure Construction Projects by Value
- Table 9: Morocco, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
- Table 10: Morocco, Top Energy and Utilities Construction Projects by Value
- Table 11: Morocco, Institutional Construction Output by Project Type (Real % Change), 2017-26
- Table 12: Morocco, Top Institutional Construction Projects by Value
- Table 13: Morocco, Residential Construction Output by Project Type (Real % Change), 2017-26
- Table 14: Morocco, Top Residential Construction Projects by Value
- Table 15: Morocco, Key Contractors
- Table 16: Morocco, Key Consultants
- Table 17: Morocco, Construction Output Value (Real, $ Million)
- Table 18: Morocco, Construction Output Value (Nominal, MAD Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
List of Figures
List of Figures
- 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
- Figure 3: Morocco, COVID-19 Confirmed Cases
- Figure 4: Morocco, Risk Summary
- Figure 5: Morocco, Risk Regional Comparison
- Figure 6: Morocco, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
- Figure 7: Morocco, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 8: Morocco, Construction Value Add (LCU Million, 2014 chained prices)
- Figure 9: Morocco, Loan Outstanding for Construction and Public Work (MAD, Million)
- Figure 10: Morocco, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 11: Morocco, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 12: Morocco, Hotel and Restaurants Value Add (MAD Million, 2014 Chained Prices)
- Figure 13: Morocco, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 14: Morocco, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 15: Morocco, Manufacturing Industry Value Add (MAD Million, 2014 Chained Prices)
- Figure 16: Morocco, Index of Export (Base 2012=100)
- Figure 17: Morocco, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 18: Morocco, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Morocco, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 20: Morocco, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Morocco, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 22: Morocco, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Morocco, Education and Health Sector Value Add (MAD Million, 2014 Chained Prices)
- Figure 24: Morocco, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 25: Morocco, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Morocco, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 27: Morocco, Headquarters of Key Consultants (% of Total Project Pipeline)
