Construction & Real Estate
From The Report: Morocco 2019
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Growth in the construction sector is principally influenced by government investment and the implementation of infrastructure, energy and residential housing projects. Indeed, about 80% of turnover from the sector comes from public projects. After delays in public infrastructure projects in 2017, 2019 is looking bright for public investment in mega-projects. Meanwhile, the slew of foreign investment in the real estate sector in 2018 signals the high level of international confidence in the market, which is expected to remain strong in the years to come. Promising segments are luxury real estate and retail. To ensure inclusive growth within the sector, the government will continue to carry out its social housing programme through to 2020. This, together with increased private sector participation and the construction of middle-income units, is set to help curb the lodging deficit that has challenged the country for many years.

This chapter contains an interview with Karim Beqqali, CEO, Yamed Capital.

Articles from this Chapter

Overview

Sturdy reinforcement: Reforms to the regulatory framework and the public-private partnership bill to improve project development
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With a dynamic local building materials segment bolstered by various upcoming projects, Morocco has the potential to develop a thriving construction sector. According to the Ministry of National Planning, Urban Planning, Housing and Urban Policy, the construction sector accounts for 6.3% of GDP. Sector growth is principally influenced by government investment and the implementation of infrastructure, energy and residential housing projects. Indeed, about 80% of turnover from the sector comes…

Interview

Re-envisioned living: Karim Beqqali, CEO, Yamed Capital, on the latest market trends and efforts to accelerate activity
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Overview

Home improvement: In addition to a social housing programme, foreign investment is set to boost the residential market
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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 commercial and residential projects in Morocco worth KD60m ($198.9m). Beyond Gulf investors, European…