AME Trade is proud to announce the launch of the 13th edition of Africa PPP, the longest-running Public-Private Partnerships event in Africa. The flagship infrastructure investment summit is set to take place from October 24th to 26th, 2023 at the Hyatt Regency Casablanca, Morocco. The event is hosted and supported by the Ministry of Finance and Economy, Kingdom of Morocco, and is running under the…
Interview:Nouzha Bouchareb What steps are being taken to develop environmentally sustainable cities? NOUZHA BOUCHAREB: Morocco has considerable renewable energy potential, with 3000 hours of sunlight per year, 5 KWh per sq metre per day of irradiation and 25,000 MW of wind power. The country has set ambitious targets to integrate renewables into the energy mix in order to reduce costs and greenhouse…
Interview:Nawfal Bendefa In what ways do you anticipate REITs will impact the commercial real estate market? NAWFAL BENDEFA: REITs are not an industry but a mechanism of support, an investment tool for all industries that rely on real estate as a tool for productivity, such as schools, offices and factories. How the commercial real estate segment performs is linked to the health of the industry…
The Moroccan real estate sector recorded a subdued performance on most indicators in 2019, as prices and demand continued to fall or show little improvement. According to the real estate price index published quarterly by Bank Al Maghrib, the country’s central bank, and the National Agency for Land Conservation, Valuation and Cartography (Agence Nationale de la Conservation Fonciere, du Cadastre…
Morocco’s construction sector has performed moderately well since the global financial crisis of 2007-08. According to the most recent figures from the Ministry of National Planning, Urban Planning, Housing and Urban Policy, the sector contributed 6.3% to economic growth in 2017, or Dh59bn ($6.1bn), and created 15,000 jobs, including 1000 in rural areas. “Thanks to the quality of the workforce,…
Morocco is often described as the gateway to Africa, an apt description given its proximity to Europe and its geographic location at the north-eastern tip of the continent. At its narrowest, the Strait of Gibraltar separates Point Cires in Morocco from Point Marroquí in Spain by 13 km. The country is neighboured by Algeria to the east and Mauritania to the south. At home, Morocco has identified
Morocco’s construction sector has performed moderately well since the global financial crisis of 2007-08. Public policy efforts have also been directed towards supporting local small and medium-sized enterprises and upskilling workers. For Morocco’s construction sector to achieve its target of generating $8.4bn by 2022, it will need to maintain a steady momentum of public investment. At the same…
In the 2008-15 period the real estate sector received the largest share of foreign direct investment (FDI), with 25.4% of total inflows in Morocco. Of these, about 40% came from countries in the Gulf. Foreign investment in real estate projects continued, with a number of announcements made in 2018. For example, in May 2018 Kuwait-based Alargan International Real Estate announced plans to develop…
The current king, Mohammed VI, came to power in 1999 and is the third monarch to rule Morocco since it gained its independence from France in 1956. King Mohammed VI instituted a number of liberalising reforms when he succeeded his father, King Hassan II, who ruled from 1961. He put in place further reforms in 2011 against a backdrop of regional unrest and domestic political protest. The country ha
Interview: Karim Beqqali What are the most recent developments observed in the real estate sector? KARIM BEQQALI: Since 2014 Morocco’s real estate sector has undergone a reshuffling. The business model of the few major groups that used to dominate the market has been put into question, while new medium-sized operators with a more disruptive approach have arisen. This evolution is mainly due to…