Morocco Construction

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After a slowdown in recent years, the construction industry – one of the country’s most dynamic sectors – saw a return to growth in 2014. Strong demand for housing, public spending on infrastructure and incentives from the Ministry of Housing and Urban Policy ( Ministère de l’Habitat et de la Politique de la Ville, MHU) have continued to help...

 

What can be done to reduce the housing deficit?

 

What challenges do real estate promoters face?

Chapter | Construction & Real Estate from The Report: Morocco 2015

After a slowdown in recent years, Morocco’s construction industry saw a return to growth in 2014 and continues to be driven by strong demand for housing, public spending on infrastructure and investor incentives from the Ministry of Housing and Urban Policy – though constraints on credit access are restricting the volume of new developments. A unified construction code designed to raise...

Benefitting from strong ties to both Europe and the Arab world, Morocco has the right ingredients for future growth: low inflation, political stability, an industrial base and a favourable climate. With the outlook improving for Morocco’s trade partners and the lower price of oil – of which the country is a net importer – most observers expect growth to be even stronger in 2015, with estimates ranging from 4.4% to 5.0%.

The only monarchy in North Africa, Morocco has one of the more diversified GDP mixes in the region, and the mainstays of the economy include agriculture, tourism, and the textiles industry; higher-end manufacturing, IT and communications, and outsourcing are also all becoming increasingly important. The past few years have seen some significant changes, yet the kingdom has remained stable, even amidst the broader regional turmoil.

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