Morocco Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Morocco Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Summary

GlobalData expects the Moroccan construction industry to expand by 4.7% in real terms in 2024, supported by the investments in the transport, electricity, housing, and water infrastructure sectors. In January 2024, the government announced its plan to invest MAD335 billion ($34 billion) on infrastructure, roads and energy projects in 2024 for the reconstruction of facilities damaged by the September 2023 earthquake in the country. Additionally, the MAD9.1 billion ($875 million) seawater reverse osmosis (SWRO) desalination plant in Grand Casablanca, which contract was awarded by Morocco’s National Office of Electricity & Drinking Water (Onee) in November 2023 to the Spanish multinational conglomerate Acciona will bolster the growth in the construction industry. The project includes the construction and operation of the first phase of the desalination plant by 2026. The second phase of the project, with a capacity of 274,000 cubic meters (m3) a day, is slated to be completed by 2030. The growth in the construction sector will also be supported by the foreign direct investment (FDI) flow in the country. According to the Office d’Echange (OE), in the first eight months of 2023, Morocco attracted MAD335 billion ($34 billion) in greenfield FDI projects. This includes major projects like MAD66.6 billion ($6.4 billion) electric vehicle (EV) battery-making complex and MAD202.8 billion ($19.5 billion) EV battery components factory in the county.

The construction industry is expected to register an annual average growth of 3.7% from 2025 to 2028, supported by the investments in the rail transportation, water infrastructure, energy sectors, and government’s housing support program. To mitigate the water challenges in the country, the government has developed a comprehensive National Water Plan 2020-50. The plan includes the investments in new dams, desalination plants and wastewater use plants. Also, the country plans to triple its desalination plants capacity by 2030, by constructing nine new desalination plants. An estimated MAD415.9 billion ($40 billion) will be utilized to build the planned water infrastructure, through both public and private partnership schemes. The Moroccan government also revised its Nationally Determined Contribution (NDC) to reduce the greenhouse gas emissions in the country by 45.4% by 2030, by increasing the share of electricity produced by renewable energy in the country to 52% and 80% in 2030 and 2050, respectively. A financing of MAD819.4 billion ($78.8 billion) will be utilized to meet the set sustainable goals, during the same period.

GlobalData’s Construction in Morocco – Key Trends and Opportunities to 2028 (H1 2024) 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
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Moroccan 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 (2019–2023) and forecast (2024–2028) 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.