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Published: Aug, 2016 | Pages:
69 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Synopsis
In real terms, Morocco's construction industry is set to perform relatively well over the forecast-period (2016-2020), compared to the review period (2011-2015). The industry's growth over the forecast period will be driven by investment in infrastructure, energy and residential construction projects. The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.07% over the forecast period, up from 1.26% during the review period. Government efforts to improve transport infrastructure will support industry growth over the forecast period. Plans to increase energy production in the country are also expected to support funding in energy infrastructure projects. In the first quarter of 2016, a consortium consisting of the Moroccan energy company Nareva, Germany's Siemens Wind Power and Italy's Enel Green Power announced plans to develop five wind power projects in the country, with 850MW in combined generation capacity. Due to urbanization and population growth, demand for construction services is set to rise. Investment in social housing projects will also support industry growth. The government is seeking help from private investors to improve the country's infrastructure. The government plans to launch the country's first construction project as a public-private partnership (PPP) in 2016.
Summary
Timetric's Construction in Morocco - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Moroccan construction industry including: • 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 (2011-2015) and forecast (2016-2020) 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 strategy using Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Key Highlights
• Despite economic growth and constitutional reforms, real estate transactions in the country decreased in 2015. According to Bank Al-Maghrib, real estate transactions in the country registered a decline of 2.7% in 2015, after an expansion of 15.9% in 2014. Consequently, the total number of real estate transactions declined from 129,732 in 2014 to 126,217 in 2015. • In January 2016, the government launched various transport infrastructure projects in Casablanca, the country's biggest city and economic capital, under the 2015-2020 Casablanca Strategic Development Plan. The projects outlined by the government under this strategy include the expansion of the first line and construction of the second line of Casablanca tramway, a tunnel on the national road RN1 and the development of the city road network. Through the plan, the government aims to support economic and urban development, improve living standards and ensure social and economic inclusion. • The Moroccan construction industry's growth will be driven by a government plan to increase the share of renewable energy in terms of total energy consumption, encouraging investment in renewable energy infrastructure. To reduce the country's reliance on imported energy and the heavy burden of fuel subsidies on treasury resources, the government is developing renewable energy infrastructure. The government aims to generate 42% of the country's total electricity needs through renewable sources by 2020, and 52% by 2030. • Morocco faces a housing shortage in line with its growing population and urbanization. Despite the construction of a large number of housing units, supply remains relatively low compared to demand. According to the Ministere de l'Habitat et de la Politique de la Ville, (MHU), the ministry of housing and urban policy, despite the construction of a large number of housing units, the country recorded a housing deficit of 642,000 units in 2014, indicating that rising demand is still oustripping supply. To maintain a balance between supply and demand, 170,000 new units are required to be constructed every year to reduce the housing shortage. • A number of large transport projects to improve and expand the country's road and rail networks are in progress. To improve the country's transport infrastructure, the government is seeking help from foreign investors. To help the government meet its targets, in January 2016, the African Development Bank (AfDB) approved a loan of MAD1.1 billion (US$112.3 million) for the development of rail infrastructure project.
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: Societe de Travaux Agricoles Marocaine 7.1 Societe de Travaux Agricoles Marocaine - Company Overview 7.2 Societe de Travaux Agricoles Marocaine - Main Services 7.3 Societe de Travaux Agricoles Marocaine - History 7.4 Societe de Travaux Agricoles Marocaine - Company Information 7.4.1 Societe de Travaux Agricoles Marocaine - key competitors 7.4.2 Societe de Travaux Agricoles Marocaine - key employees 8 Company Profile: Societe Generale des Travaux du Maroc SA 8.1 Societe Generale des Travaux du Maroc SA - Company Overview 8.2 Societe Generale des Travaux du Maroc SA - Main Services 8.3 Societe Generale des Travaux du Maroc SA - History 8.4 Societe Generale des Travaux du Maroc SA - Company Information 8.4.1 Societe Generale des Travaux du Maroc SA - key competitors 8.4.2 Societe 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 9.3.2 Grands Travaux Routiers - key employees 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), 2011-2015 Table 2: Moroccan Construction Output by Project Type (MAD Million), 2015-2020 Table 3: Moroccan Construction Output by Cost Type (MAD Million), 2011-2015 Table 4: Moroccan Construction Output by Cost Type (MAD Million), 2015-2020 Table 5: Moroccan Construction Output by Activity Type (MAD Million), 2011-2015 Table 6: Moroccan Construction Output by Activity Type (MAD Million), 2015-2020 Table 7: Moroccan Construction Value Add by Project Type (MAD Million), 2011-2015 Table 8: Moroccan Construction Value Add by Project Type (MAD Million), 2015-2020 Table 9: Moroccan Commercial Construction Output by Project Type (MAD Million), 2011-2015 Table 10: Moroccan Commercial Construction Output by Project Type (MAD Million), 2015-2020 Table 11: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2011-2015 Table 12: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2015-2020 Table 13: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2011-2015 Table 14: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2015-2020 Table 15: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2011-2015 Table 16: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2015-2020 Table 17: Moroccan Industrial Construction Output by Project Type (MAD Million), 2011-2015 Table 18: Moroccan Industrial Construction Output by Project Type (MAD Million), 2015-2020 Table 19: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2011-2015 Table 20: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2015-2020 Table 21: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2011-2015 Table 22: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2015-2020 Table 23: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2011-2015 Table 24: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2015-2020 Table 25: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2011-2015 Table 26: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2015-2020 Table 27: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2011-2015 Table 28: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2015-2020 Table 29: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2011-2015 Table 30: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2015-2020 Table 31: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2011-2015 Table 32: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2015-2020 Table 33: Moroccan Energy and Utilities Construction Output by Project Type (MAD Million), 2011-2015 Table 34: Moroccan Energy and Utilities Construction Output by Project Type (MAD Million), 2015-2020 Table 35: Moroccan Energy and Utilities Construction Output by Cost Type (MAD Million), 2011-2015 Table 36: Moroccan Energy and Utilities Construction Output by Cost Type (MAD Million), 2015-2020 Table 37: Moroccan Energy and Utilities Construction Output by Activity Type (MAD Million), 2011-2015 Table 38: Moroccan Energy and Utilities Construction Output by Activity Type (MAD Million), 2015-2020 Table 39: Moroccan Energy and Utilities Construction Value Add by Project Type (MAD Million), 2011-2015 Table 40: Moroccan Energy and Utilities Construction Value Add by Project Type (MAD Million), 2015-2020 Table 41: Moroccan Institutional Construction Output by Project Type (MAD Million), 2011-2015 Table 42: Moroccan Institutional Construction Output by Project Type (MAD Million), 2015-2020 Table 43: Moroccan Institutional Construction Output by Cost Type (MAD Million), 2011-2015 Table 44: Moroccan Institutional Construction Output by Cost Type (MAD Million), 2015-2020 Table 45: Moroccan Institutional Construction Output by Activity Type (MAD Million), 2011-2015 Table 46: Moroccan Institutional Construction Output by Activity Type (MAD Million), 2015-2020 Table 47: Moroccan Institutional Construction Value Add by Project Type (MAD Million), 2011-2015 Table 48: Moroccan Institutional Construction Value Add by Project Type (MAD Million), 2015-2020 Table 49: Moroccan Residential Construction Output by Project Type (MAD Million), 2011-2015 Table 50: Moroccan Residential Construction Output by Project Type (MAD Million), 2015-2020 Table 51: Moroccan Residential Construction Output by Cost Type (MAD Million), 2011-2015 Table 52: Moroccan Residential Construction Output by Cost Type (MAD Million), 2015-2020 Table 53: Moroccan Residential Construction Output by Activity Type (MAD Million), 2011-2015 Table 54: Moroccan Residential Construction Output by Activity Type (MAD Million), 2015-2020 Table 55: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2011-2015 Table 56: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2015-2020 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: Societe de Travaux Agricoles Marocaine, Key Facts Table 66: Societe de Travaux Agricoles Marocaine, Main Services Table 67: Societe de Travaux Agricoles Marocaine, History Table 68: Societe de Travaux Agricoles Marocaine, Key Employees Table 69: Societe Generale des Travaux du Maroc SA, Key Facts Table 70: Societe Generale des Travaux du Maroc SA, Main Services Table 71: Societe Generale des Travaux du Maroc SA, History Table 72: Societe Generale des Travaux du Maroc SA, Key Employees Table 73: Grands Travaux Routiers, Key Facts Table 74: Grands Travaux Routiers, Main Products and Services Table 75: Grands Travaux Routiers, Key Employees Table 76: Timetric Construction Market Definitions
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