Morocco Infrastructure Report 2013

Publisher Name :
Date: 23-Jan-2013
No. of pages: 65

The Moroccan construction industry is estimated to have experienced real growth of around 7.4% in 2011, with the sector recovering from the period of relatively subdued growth seen in 2009 and 2010. Underpinned by a healthy pipeline of infrastructure projects, multilateral financing and a robust economic growth outlook, we expect the sector to continue on this strong growth trajectory over the medium- to-long-term. We have pencilled in real growth of 7.0% year-on-year (y-o-y) for Morocco’s construction industry in 2013 and we expect real industry growth to average at 7.4% per annum between 2013 and 2020.

The infrastructure developments which underpin our outlook for the sector over the forecast period are:

  • Morocco’s expenditure on infrastructure will help underpin average real GDP growth of 3.9 %per year in the period 2011-2016, according to BMI’s forecasts. The government stepped up its spending on basic infrastructure to MAD400bn (US$47.26bn) for 2008-2012, up from just MAD80bn (US$9.45bn) for the previous period. Roads, ports, airports and transmission grids have been among the assets to benefit from the stronger spending, providing a windfall for established firms.
  • In November 2011, the World Bank agreed to provide US$297mn in financial assistance to Morocco for the development of one of the world’s largest solar power plants. The loan will support the first phase of the solar power plant, which is due to have a capacity of 500MW. The Ouarzazate concentrated solar power plant is part of the country’s solar power programme, worth US$9bn, and holds significant importance for Morocco. Of the total loan amount, US$200mn will be provided through its fund that lends to middle-income countries, while the remaining US$97mn will be granted under the World Bank Clean Technology Fund.
  • As part of the fund reports it was announced in September 2012 that the African Development Bank (AfDB) will provide a US$800mn loan to the Moroccan government. The loan will be used to finance the development of the country’s renewable energy sector. This will include the construction of a solar power plant at Ouarzazate, which will eventually generate 500MW of electricity. Termed as the largest CSP in the world, it is to include an investment of EUR1.04bn (US$1.3bn), which will also be funded by six other agencies, including the World Bank and the European Investment Bank. In addition, the amount provided by AfDB will also be used to increase the country’s wind power capacity by 1,070MW and help to provide electricity for 79,436 homes. This will be undertaken as part of the Moroccan Integrated Wind/Hydro and Rural Electrification Programme. The project requires a total investment of US$2.16bn, with completion due for 2017. Morocco intends to generate 42.0% of its electricity from renewable sources by 2020.
  • Also, on September 24 2012, the consortium led by ACWA Power International received a contract worth nearly US$1bn to construct a solar power plant in Morocco. The consortium also includes Aries Ingeniería y Sistemas and TSK Electrónicay Electricidad. The announcement was made by Mustapha Bakkoury, the head of Morocco’s solar energy agency MASEN. The plant will cover an area of 2,500 hectares and will be located near the desert frontier town of Ouarzazate. Construction work is due to begin at end-2012, with commercial operations to begin in H215. The plant will have a power generation capacity of 160MW and will use concentrating solar power (CSP) parabolic trough technology. The World Bank, the African Development Bank, the European Investment Bank, KfW and the French Development Agency are to provide financial support for the project.
  • German engineering company Siemens announced that it was holding talks with potential buyers to sell its solar energy business. The company is looking to divest its photovoltaics unit and solar thermal power plant maker Solel. Siemens had acquired Solel in 2009 for US$418mn, but the unit has consistently failed to generate profits. During the same announcement, Siemens said that it will focus its renewable energy activities on wind and hydro power after the divestment. As part of its withdrawal from the solar power sector, Siemens also withdrew from Morocco’s DII project in October 2012.
  • In May 2011, Moroccan state power company Office National de l’Electricité (ONE) invited wind turbine companies to submit expressions of interest in building and operating a 150MW wind farm 300km north-east of Rabat. Morocco – the only North African country without significant thermal indigenous resources – has launched a renewable energy drive focusing on wind and solar energy in order to reduce its reliance on costly imports and meet rising demand.
  • In an effort to turn around its near-total reliance on energy imports, Morocco aims to generate as much as two gigawatts (GW) from wind power and 2GW from solar power by 2020, according to Energy, Mines and Water Minister Amina Benkhadra. The country expects to spend EUR13.4bn (US$17.2bn) on the sector and will concentrate on renewable energy production, according to Electricite et des Energies Renouvelables, as quoted by La Figaro in May 2010.
  • In a move that signifies creditor belief in both the company, and the project, Abu Dhabi’s TAQA announced in June 2012 that it has secured a US$1.4bn financing arrangement for the expansion of its Jorf Lasfar coal-fired power plant in Morocco. BMI believes that TAQA’s continued interest in the MENA region is highlighting a trend where regional players seek to take advantage of their established ties to venture in places that other investors might fear. TAQA is strategically positioned to take advantage of such a move, yet we note that the company remains heavily leveraged and thus much dependent on its benevolent state benefactor.
  • It was announced in March 2011 that the African Development Bank (AfDB) is providing a EUR300mn loan to Morocco to support the investment plans put forward by the country’s rail operator. Morocco’s national rail company Office National des Chemins de Fer (ONCF) is investing heavily in Morocco’s transport infrastructure, with a US$13bn investment plan running to 2035. Plans include the construction of almost 2,000km of major rail lines linking the country’s largest cities, in addition to urban rail and high-speed lines.
  • Encouraged by earlier flagship public-private partnership (PPP) projects, the International Finance Corporation (IFC) signed an agreement with the Ministry of Economy and Finance in early-December 2010 to help it structure a dedicated PPP unit. The IFC has been spending considerable resources in Morocco to help wean its construction and infrastructure industries off public sector demand and ramp up private sector participation. Both parties hope that the new unit will successfully institutionalise previously ad hoc PPP projects such as irrigation and desalination projects in the Chtouka region.
  • The government of Saudi Arabia is scheduled to make an investment worth US$1.25bn through the Saudi Fund for Development in order to support several development projects in Morocco. Saudi Arabia’s Finance Minister Ibrahim Al-Assaf said in October 2012 that the investment would be made in the areas of health, education, transport, communication, hotels and agriculture. The investment is part of a financial assistance package extended to Morocco and Jordan by four GCC countries, with Morocco set to receive a total of US$5bn. The Saudi private sector is currently making investments in the tourism, agriculture and ports industry in Morocco, which is seen as the best investment destination in the Arab world.
  • Vision 2010 project, established by King Mohammed VI, was an effort of the Moroccan government to develop the country’s tourism. The project has been reintroduced as Vision 2020; as part of the programme, two major development plans have been outlined which will create new commercial infrastructure opportunities in terms of resorts and hotels and which will encourage investment and the financing of new sustainable projects. These are the Azure 2020 and the Plan Bidali.

Morocco Infrastructure Report 2013

Table of Contents

BMI Industry View 5
SWOT Analysis 8
Morocco Infrastructure SWOT 8
Market Overview 9
Building Materials 13
Middle East 13
Industry Forecast Scenario 19
Table: Morocco Construction And Infrastructure Industry Data, 2010-2016 19
Table: Morocco Construction And Infrastructure Long-Term Forecasts, 2015-2021 19
Construction and Infrastructure Forecast Scenario 20
Transport Infrastructure 24
Transport Infrastructure Outlook and Overview 24
Table: Major Projects - Transport 27
Energy and Utilities Infrastructure 28
Energy and Utilities Infrastructure Outlook and Overview 28
Major Projects Table - Energy And Utilities 31
Table: Major Projects - Energy And Utilities 31
Residential/Non-Residential Construction and Social Infrastructure 33
Residential/Non-Residential Building Outlook and Overview 33
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure 35
Table: Major Projects - Residential/ Non- Residential Construction And Social Infrastructure 35
Risk/Reward Ratings 36
Morocco's Risk Reward Ratings 36
Rewards 36
Risks 36
Regional Overview 37
Table: Regional Infrastructure Risk/Reward Ratings 42
Company Monitor 43
Holcim Maroc SA 43
Alstom (Morocco) 45
Global Overview 47
Methodology 54
Industry Forecasts 54
Construction Industry 55
Data Methodology 55
Construction 55
Capital Investment 56
Construction Sector Employment 56
Infrastructure Business Environment Ratings 57
Ratings Overview 57
Table: Infrastructure Business Environment Indicators 58
Project Finance Ratings 59
Table: Design And Construction Phase 60
Table: Commissioning And Operating Phase - Commercial Construction 61
Table: Commissioning And Operating Phase - Energy And Utilities 62
Table: Commissioning And Operating Phase - Transport 63
Sources 64

List of Tables

Table: Morocco Construction And Infrastructure Industry Data, 2010-2016
Table: Morocco Construction And Infrastructure Long-Term Forecasts, 2015-2021
Table: Major Projects - Transport
Table: Major Projects - Energy And Utilities
Table: Major Projects - Residential/ Non- Residential Construction And Social Infrastructure
Table: Regional Infrastructure Risk/Reward Ratings
Table: Infrastructure Business Environment Indicators
Table: Design And Construction Phase
Table: Commissioning And Operating Phase - Commercial Construction
Table: Commissioning And Operating Phase - Energy And Utilities
Table: Commissioning And Operating Phase - Transport

  • The Need for an Electric Cars Boosts The Lithium Sulfate Market
    Lithium is a highly demanded material. The popularity of this metal is primarily due to the characteristics of this metal and its compounds. Some of the characteristics of this material are that it has the highest electrochemical potential of all metals, a very high co-efficient of thermal expansion, acting as a viscosity modifier in melts, [...]
  • Tire Roller Industry
    Tire roller is one of the most popular equipment used in the construction industry. A tire roller offers multiple services from building highways, industrial sites, binder courses, wear courses and many more. Tire rollers come with different features like easy adjustment of tyres, flexible ballast, oscillating tires, etc. that facilitates in doing a particular work. [...]
  • The Adhesive Paper Industry Looking At a Long Term Bonding
    Adhesives are used extensively in the Paper Industry. They are primarily two kinds ie, the adhesive is either water based or hot melts. The kind of requirement determines the adhesive type in this industry. Adhesives have a wide arena of application. It is used as envelope gums, bookbinding adhesives, for lamination of paper, corrugated adhesives, [...]
  • The Rising Horizon of Maintenance Market of Wind Turbines
    Wind turbines have been one of the most economical means of means of electric production. There are a number of benefits for operating wind turbines. It negates the risk of price factor arising out of dwindling fuel prices and also is independent of pollution and fuel imports. This method of electric production is a capital [...]
  • Liver Fibrosis Market
    Liver Fibrosis is a result of all chronic liver diseases. An extended illness from Liver Fibrosis leads to Cirrhosis of liver and finally liver cancer. It’s a serious disease and one of the world’s rising concern. The medical diagnosis of this disease is very painful and involves a risk of hazards such as severe bleeding [...]
  • The Oil Drilling Rig Industry
  • The Oil Drilling Rig Industry is characterized with a few typical work specific to this industry only. The work begins with the search for new oil basins or construction of wells. During this time the services of drilling contractors and …

  • HER2-Negative Breast Cancer’s Therapeutic Market
  • HER2-Negative Breast Cancer is the most common form of cancer occurring in women. The long term survival of patients diagnosed with HER2-Negative Breast Cancer depends solely on its early detection as till now there is no medicine that can cure …

  • The Market of Plate Heat Exchanger
  • Plate heat exchanger is not only very useful but its also easy to maintain, its compact design makes it more efficient, the product is highly cost-efficient and also the materials of this product are easily available. There are some limitations …

  • The Industry of Binding Machines
  • Binding of books and papers is one of the most important aspect of buying and selling books and thus the demand of binding machines. There are different kinds of binding machines available in the market. The binding type determines the …

  • The Boom In Women Infertility Market
  • Infertility is an abnormality in the regular functioning of the human reproductive system. Anyone of male or female might be suffering from this issue. Infertility in woman is caused by either a genetical factor or factors such as aging or …

  • Romania Infrastructure Report Q3 2015
    Published: 29-Apr-2015        Price: US $1295 Onwards        Pages: 72
    BMI View: Given the strengthening outlook for the Romanian economy and the government's more stable fiscal position after years of tight spending, we have upgraded our forecasts for Romania's construction sector. We now forecast real growth of 3.9% year-on-year in 2015, followed by 4.2% in 2016. Key Trends And Developments ? The transport masterplan was published in November 2014 and it revealed that the country needs to invest about EUR50bn (USD61.97bn) through to 2030 to enhance and expand its......
  • Saudi Arabia Infrastructure Report Q3 2015
    Published: 29-Apr-2015        Price: US $1295 Onwards        Pages: 90
    BMI View: While we have slightly downgraded our 2015 growth forecast for Saudi Arabia's construction industry to 10% from 10.5% previously, we continue to believe that infrastructure and construction sectors offer both scale and growth opportunities over our 10 year forecast period to 2024. Private sector caution over the impact of lower oil prices, along with the deterioration of the regional security situation, will see investment dampened slightly. However, we expect government investment in ......
  • Vietnam Infrastructure Report Q3 2015
    Published: 29-Apr-2015        Price: US $1295 Onwards        Pages: 118
    BMI View: We maintain a generally positive outlook for Vietnam's construction sector, but highlight prevalent business environment issues will hinder the sector from reaching its maximum potential. Positive drivers include easing monetary policy, improving economic environment and positive reform momentum. We expect the transport sector to be key to driving growth. ? We maintain a positive outlook for Vietnam's construction sector and expect growth of 5.9% in 2015 and to average 6.1% per annum b......
  • Smart Home M2M Market in Western Europe 2015-2019
    Published: 29-Apr-2015        Price: US $2500 Onwards        Pages: 91
    Smart home consists of internal network, home automation, and intelligent control. It is commonly defined as a home which is equipped with digital devices, home appliances, and other equipment. These devices and appliances are interconnected with each other and can be remotely accessed by the user with the help of their smartphone and tablets from a remote location. Smart home offers wide variety of applications such as home automation, home security, energy management, home cloud, and e-health ......
  • Canada Infrastructure Report Q3 2015
    Published: 29-Apr-2015        Price: US $1295 Onwards        Pages: 108
    BMI View: Canada's construction sector recorded overall growth of 0.69% in 2014, broadly in line with our expectations for industry expansion over the year. Although the fall in global oil prices is weighing heavily on oil sector investment, we do expect to see overall growth in the Canadian infrastructure value in 2015, due primarily to an uptick in residential construction and a considerable road, rail and renewables project pipeline. Overall, however, our outlook for infrastructure investment......
  • Iraq Infrastructure Report Q3 2015
    Published: 29-Apr-2015        Price: US $1295 Onwards        Pages: 69
    BMI View: Iraq's construction industry is being severely affected by the poor security situation, with the Islamic State (IS) insurgency even affecting business sentiment in the Kurdish region, the once-considered relatively safe haven and primary investment destination. After failing to agree on a budget for 2014, the new parliament has approved one for 2015. However, it has been greatly limited by the falling oil price and the diversion of funds to security, meaning in the short term that infr......
  • Norway Infrastructure Report Q3 2015
    Published: 29-Apr-2015        Price: US $1295 Onwards        Pages: 85
    BMI View: Our forecasts put Norway's construction sector value at growth of 4.9% in 2015, before the period 2016 to 2024 settles into a pattern of muted expansion of around 3.2% annually. Norway's 2013-2023 infrastructure development plan will provide the foundation for this steady investment story, with emphasis on transport and utilities infrastructure. A new low oil price environment and an overheating housing market provide considerable risk to private and government investment alike. By 202......
  • China Sanitary Ware Industry Report, 2014-2018
    Published: 27-Apr-2015        Price: US $2000 Onwards        Pages: 90
    With the deepening of China’s urbanization, continuous improvement of people’s living standards and increasing requirements on housing comfort, the demand for sanitary ware has grown, leading to steady growth of sanitary ware market in China. In 2014, China’s sanitary ware market size reached RMB109.5 billion, registering a CAGR of 12.4% from RMB54.2 billion in 2008. The Chinese sanitary ware products can be divided into ceramic sanitary ware (e.g. toilet, bidet, wash basin, sink, mop s......
  • Global Electromagnetic Door Holders Industry Report 2015
    Published: 27-Apr-2015        Price: US $2800 Onwards        Pages: 119
    This is a professional and in-depth study on the current state of the Electromagnetic Door Holders industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Electromagnetic Door Holders market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manu......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs