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Construction in Morocco - Key Trends and Opportunities to 2019

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Date: 22-Jul-2015
No. of pages: 61
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Synopsis

The Moroccan construction industry is expected to be supported by government investments in infrastructure and housing projects over the forecast period (2015-2019). The government aims to improve its transport and tourism infrastructure, while addressing the country's housing shortage and modernizing energy delivery by increasing the volume of renewable schemes.

Accordingly, the Moroccan government introduced the Industrial Acceleration Plan, the Moroccan Project for Solar Energy, the Vision 2020 for the tourism sector and the Rawaj Vision 2020 to bolster trade activities. These plans will create greater demand for construction services over the forecast period. Consequently, in real terms, the industry's growth is expected to rise from a compound annual growth rate (CAGR) of 2.25% during the review period (2010-2014) to 4.37% over the forecast period.

Summary

Timetric's Construction in Morocco - Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Moroccan construction industry including:


  • The Moroccan construction industry's growth prospects by market, project type, and construction activity

  • Analysis of equipment, material and service costs for each project type in Morocco

  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Moroccan construction industry

  • Profiles of the leading operators in the Moroccan construction industry

  • Data highlights of the largest construction projects in Morocco


Scope

This report provides a comprehensive analysis of the construction industry in Morocco It provides:


  • Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Morocco using construction output and value-add methods

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing

  • Detailed profiles of the leading construction companies in Morocco


Reasons To Buy


  • Identify and evaluate market opportunities using Timetric'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 business strategies using Timetric's critical and actionable insight

  • Assess business risks, including cost, regulatory and competitive pressures

  • Evaluate competitive risk and success factors


Key Highlights


  • As a part of the government's 2015 Finance Act, Moroccan National Railways (Office National des Chemins de Fer du Maroc - ONFC) plans to invest MAD7.5 billion (US$780 million) in the development of rail infrastructure. Of the total budget, MAD4.0 billion (US$482.2 million) is to be allocated to the Tangiers-Kenitra high-speed line, which is under construction and expected to be completed by 2016. The remaining MAD3.5 billion (US$421.9 million) is to be allocated for the modernization of existing lines. The project is expected to support the growth of the infrastructure construction market over the forecast period.

  • In order to improve transport facilities and support the tourism sector, the Moroccan government announced its plans to construct a new Marrakech Airport in 2014. The present airport recorded a passenger capacity of 9.0 million passengers per year in 2014. However, the city expects an increase in passenger flow to 14.4 million per year by 2030. The new airport is expected to cost MAD4.3 billion (US$520 million) and upon its completion the airport is expected to accommodate 10.0 million passengers per year.

  • During the first quarter of 2015, United Arab Emirates (UAE) based Tasweek Real Estate Development and Marketing announced its plan to construct a mixed-use project in Agadir, Morocco. The project is estimated to cost MAD202.0 million (US$55.0 million) and expected to include the construction of healthcare and residential units, retail outlets, hotels, and spas. The project will strengthen bilateral relations between the UAE and Morocco while attracting investments from Gulf Corporation Council (GCC) nations.

  • Marrakech has been ranked as the number one tourist destination for 2015 according to Trip Advisor. Government aims to expand tourism infrastructure, in the rest of the cities of Morocco too, hence has several plans on the way. Some of them include the construction of the Africa Museum in Tangier for an estimated cost of MAD950 million (US$106 million); a seaside resort worth MAD11.6 billion (US$1.4 billion) at Saidia; a seaside resort worth MAD5.2 billion (US$625 million) on the Southwest Atlantic Coast; a resort on Atlantic coast worth MAD6.5 billion (US$780 million); the MAD3.2 billion (US$390 million) resort at Meknes and a beachfront resort in Aghroud worth MAD10.0 billion (US$1.2 billion). These projects are expected to be completed by 2020. The projects will be constructed under Vision 2020 and are being funded by the Moroccan Fund for Tourism Development (FMDT).

  • The Moroccan Ministry of Infrastructure, Transport and Logistics plans to invest MAD36.0 billion (US$4.3 billion) in infrastructure and public works in 2015. Of the total investment, MAD12.8 billion (US$1.5 billion) will be spend on ports infrastructure, MAD9.7 billion (US$1.2 billion) on roads and highways development and MAD4.7 billion (US$566.6 million) on railway infrastructure. These investments are expected to support the demand for infrastructure construction over the forecast period.

Construction in Morocco - Key Trends and Opportunities to 2019

Table of Contents

1 Executive Summary

2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction

3 Key Issues and Developments

4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type

5 Company Profile: Douja Promotion Groupe Addoha
5.1 Douja Promotion Groupe Addoha - Company Overview
5.2 Douja Promotion Groupe Addoha - Main Services
5.3 Douja Promotion Groupe Addoha - History
5.4 Douja Promotion Groupe Addoha - Company Information
5.4.1 Douja Promotion Groupe Addoha - key competitors
5.4.2 Douja Promotion Groupe Addoha - key employees

6 Company Profile: Alliances Developpement Immobilier SA
6.1 Alliances Developpement Immobilier SA - Company Overview
6.2 Alliances Developpement Immobilier SA - Main Services
6.3 Alliances Developpement Immobilier SA - History
6.4 Alliances Developpement Immobilier SA - Company Information
6.4.1 Alliances Developpement Immobilier SA - key competitors
6.4.2 Alliances Developpement Immobilier SA - key employees

7 Company Profile: SOCIÉTÉ DE TERRASSEMENT AGRICOLE MAROCAINE
7.1 Société de Terrassement Agricole Marocaine - Company Overview
7.2 Société de Terrassement Agricole Marocaine - Main Products and Services
7.3 Société de Terrassement Agricole Marocaine - Company Information
7.3.1 Société de Terrassement Agricole Marocaine - key competitors
7.3.2 Société de Terrassement Agricole Marocaine - key employees

8 Company Profile: Société Generale des Travaux du Maroc - SA
8.1 Société Generale des Travaux du Maroc - SA - Company Overview
8.2 Société Generale des Travaux du Maroc - SA - Main Services
8.3 Société Generale des Travaux du Maroc - SA - History
8.4 Société Generale des Travaux du Maroc - SA - Company Information
8.4.1 Société Generale des Travaux du Maroc - SA - key competitors
8.4.2 Société Generale des Travaux du Maroc - SA - key employees

9 Company Profile: Grands Travaux Routiers
9.1 Grands Travaux Routiers - Company Overview
9.2 Grands Travaux Routiers - Main Products and Services
9.3 Grands Travaux Routiers - Company Information
9.3.1 Grands Travaux Routiers - key competitors

10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Moroccan Construction Output by Project Type (MAD Million), 2010-2014
Table 2: Moroccan Construction Output by Project Type (MAD Million), 2014-2019
Table 3: Moroccan Construction Output by Cost Type (MAD Million), 2010-2014
Table 4: Moroccan Construction Output by Cost Type (MAD Million), 2014-2019
Table 5: Moroccan Construction Output by Activity Type (MAD Million), 2010-2014
Table 6: Moroccan Construction Output by Activity Type (MAD Million), 2014-2019
Table 7: Moroccan Construction Value Add by Project Type (MAD Million), 2010-2014
Table 8: Moroccan Construction Value Add by Project Type (MAD Million), 2014-2019
Table 9: Moroccan Commercial Construction Output by Project Type (MAD Million), 2010-2014
Table 10: Moroccan Commercial Construction Output by Project Type (MAD Million), 2014-2019
Table 11: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2010-2014
Table 12: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2014-2019
Table 13: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2010-2014
Table 14: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2014-2019
Table 15: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2010-2014
Table 16: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2014-2019
Table 17: Moroccan Industrial Construction Output by Project Type (MAD Million), 2010-2014
Table 18: Moroccan Industrial Construction Output by Project Type (MAD Million), 2014-2019
Table 19: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2010-2014
Table 20: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2014-2019
Table 21: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2010-2014
Table 22: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2014-2019
Table 23: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2010-2014
Table 24: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2014-2019
Table 25: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2010-2014
Table 26: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2014-2019
Table 27: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2010-2014
Table 28: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2014-2019
Table 29: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2010-2014
Table 30: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2014-2019
Table 31: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2010-2014
Table 32: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2014-2019
Table 33: Moroccan Energy and Utilities Construction Output by Project Type (MAD Million), 2010-2014
Table 34: Moroccan Energy and Utilities Construction Output by Project Type (MAD Million), 2014-2019
Table 35: Moroccan Energy and Utilities Construction Output by Cost Type (MAD Million), 2010-2014
Table 36: Moroccan Energy and Utilities Construction Output by Cost Type (MAD Million), 2014-2019
Table 37: Moroccan Energy and Utilities Construction Output by Activity Type (MAD Million), 2010-2014
Table 38: Moroccan Energy and Utilities Construction Output by Activity Type (MAD Million), 2014-2019
Table 39: Moroccan Energy and Utilities Construction Value Add by Project Type (MAD Million), 2010-2014
Table 40: Moroccan Energy and Utilities Construction Value Add by Project Type (MAD Million), 2014-2019
Table 41: Moroccan Institutional Construction Output by Project Type (MAD Million), 2010-2014
Table 42: Moroccan Institutional Construction Output by Project Type (MAD Million), 2014-2019
Table 43: Moroccan Institutional Construction Output by Cost Type (MAD Million), 2010-2014
Table 44: Moroccan Institutional Construction Output by Cost Type (MAD Million), 2014-2019
Table 45: Moroccan Institutional Construction Output by Activity Type (MAD Million), 2010-2014
Table 46: Moroccan Institutional Construction Output by Activity Type (MAD Million), 2014-2019
Table 47: Moroccan Institutional Construction Value Add by Project Type (MAD Million), 2010-2014
Table 48: Moroccan Institutional Construction Value Add by Project Type (MAD Million), 2014-2019
Table 49: Moroccan Residential Construction Output by Project Type (MAD Million), 2010-2014
Table 50: Moroccan Residential Construction Output by Project Type (MAD Million), 2014-2019
Table 51: Moroccan Residential Construction Output by Cost Type (MAD Million), 2010-2014
Table 52: Moroccan Residential Construction Output by Cost Type (MAD Million), 2014-2019
Table 53: Moroccan Residential Construction Output by Activity Type (MAD Million), 2010-2014
Table 54: Moroccan Residential Construction Output by Activity Type (MAD Million), 2014-2019
Table 55: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2010-2014
Table 56: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2014-2019
Table 57: Douja Promotion Groupe Addoha, Key Facts
Table 58: Douja Promotion Groupe Addoha, Main Services
Table 59: Douja Promotion Groupe Addoha, History
Table 60: Douja Promotion Groupe Addoha, Key Employees
Table 61: Alliances Developpement Immobilier SA, Key Facts
Table 62: Alliances Developpement Immobilier SA, Main Services
Table 63: Alliances Developpement Immobilier SA, History
Table 64: Alliances Developpement Immobilier SA, Key Employees
Table 65: Société de Terrassement Agricole Marocaine, Key Facts
Table 66: Société de Terrassement Agricole Marocaine, Main Products and Services
Table 67: Société de Terrassement Agricole Marocaine, Key Employees
Table 68: Société Generale des Travaux du Maroc - SA, Key Facts
Table 69: Société Generale des Travaux du Maroc - SA, Main Services
Table 70: Société Generale des Travaux du Maroc - SA, History
Table 71: Société Generale des Travaux du Maroc - SA, Key Employees
Table 72: Grands Travaux Routiers, Key Facts
Table 73: Grands Travaux Routiers, Main Products and Services
Table 74: Timetric Construction Market Definitions

List of Figures

Figure 1: Moroccan Construction Output (Real US$ 2010, Million), 2010-2019
Figure 2: Growth Matrix for Construction Output in Morocco (US$ Million), 2010-2019
Figure 3: Moroccan Construction Output by Project Type (MAD Million), 2010-2019
Figure 4: Moroccan Construction Output by Cost Type (MAD Million), 2010-2019
Figure 5: Moroccan Construction Output by Activity Type (MAD Million), 2010-2019
Figure 6: Moroccan Construction Value Add by Project Type (MAD Million), 2010-2019
Figure 7: Moroccan Commercial Construction Output by Project Type (MAD Million), 2010-2019
Figure 8: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2010-2019
Figure 9: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2010-2019
Figure 10: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2010-2019
Figure 11: Moroccan Industrial Construction Output by Project Type (MAD Million), 2010-2019
Figure 12: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2010-2019
Figure 13: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2010-2019
Figure 14: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2010-2019
Figure 15: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2010-2019
Figure 16: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2010-2019
Figure 17: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2010-2019
Figure 18: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2010-2019
Figure 19: Moroccan Energy and Utilities Construction Output by Project Type (MAD Million), 2010-2019
Figure 20: Moroccan Energy and Utilities Construction Output by Cost Type (MAD Million), 2010-2019
Figure 21: Moroccan Energy and Utilities Construction Output by Activity Type (MAD Million), 2010-2019
Figure 22: Moroccan Energy and Utilities Construction Value Add by Project Type (MAD Million), 2010-2019
Figure 23: Moroccan Institutional Construction Output by Project Type (MAD Million), 2010-2019
Figure 24: Moroccan Institutional Construction Output by Cost Type (MAD Million), 2010-2019
Figure 25: Moroccan Institutional Construction Output by Activity Type (MAD Million), 2010-2019
Figure 26: Moroccan Institutional Construction Value Add by Project Type (MAD Million), 2010-2019
Figure 27: Moroccan Residential Construction Output by Project Type (MAD Million), 2010-2019
Figure 28: Moroccan Residential Construction Output by Cost Type (MAD Million), 2010-2019
Figure 29: Moroccan Residential Construction Output by Activity Type (MAD Million), 2010-2019
Figure 30: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2010-2019

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