Morocco Construction Market Size

Construction in Morocco | H1 2023
SECTOR RESEARCH
Construction in Morocco
Key Trends and Opportunities to 2027
H1 2023
Inside: Related reports: Report type:

Comprehensive analysis Industry Forecast
Latest news and development Construction in Morocco – Key
Segmentation by sector Trends and Opportunities to
Industry analysis 2026 (H2 2022)
Project analytics
Mega-project pipeline Global Construction Outlook to
Leading contractors 2026 (Q4 2022)
Leading consultants
Glossary
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| Summary
This report is the result of extensive market and company research covering Morocco’s construction industry. It
provides detailed analysis of both review and forecast construction industry output values at market and category
levels, and also offers project pipeline analysis.
Construction in Morocco – Key Trends and Opportunities to 2027 (H1 2023) provides a top-level overview and detailed
market, category, and company-specific insights on Morocco’s construction industry. It is an essential tool for
companies active in Morocco’s construction industry, and for new competitors considering entering the industry.
| Synopsis
GlobalData’s Construction in Morocco – Key Trends and Opportunities to 2027 (H1 2023) report provides detailed
market analysis, information, and insights into Morocco’s construction industry, including:
• Morocco’s 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 Morocco’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings
of major projects in the pipeline.
| Reasons to buy
• Identify and evaluate market opportunities using our 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 business strategies using GlobalData's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

1. Executive Summary
GlobalData expects Morocco’s construction industry to grow by XX.XX% in real terms in 2023, following an estimated
marginal growth of XX.XX% in 2022. The pace of growth will then pick up to an annual average of XX.XX% from 2024 to
2027. The main drivers of growth will be investment in the infrastructure, industrial and energy sector, supported by
inward foreign direct investment (FDI). According to Office des Changes, Morocco's Exchange Office, net FDI flow in the
country increased to MADXX.XX billion ($XX.XX billion) in January–September 2022, compared to MADXX.XX billion
($XX.XX billion) net FDI flow in 2021 overall.
In January 2023, the government approved XX.XX investment projects worth MADXX.XX billion ($XX.XX billion), with the
mainly focus on higher education, industrial and tourism sector. Forecast-period growth will also be supported by
investment to boost the socio-economic situation in the southern provinces. In November 2022, the government
announced an infrastructure project to expand the national road N1, connecting Dakhla with El Argoub in southern
Morocco. The project involves the development of XX.XXkm infrastructure road expansion in two phases with the
combined investment of MADXX.XX million ($XX.XX million). In November 2022, the government announced that it is
providing fund worth more than MADXX.XX billion ($XX.XX billion) for development projects in the southern provinces.
The construction industry’s output over the forecast period will also be supported by the government’s focus on the
development of renewable energy infrastructure. The government aims to generate XX.XX% of electricity from
renewable sources by 2030, XX.XX% by 2040 and XX.XX% by 2050. According to the Ministry of Energy Transition and
Sustainable Development, as of December 2022, a total of XX.XX projects are ongoing in the country with the total
investment of MADXX.XX billion ($XX.XX million).
Commercial construction: The commercial construction sector is expected to grow by XX.XX% in 2023, following by an
average growth of XX.XX% over the remainder of the forecast period (2024-27), supported by a gradual rebound in
tourism activities, coupled with growth in wholesale and retail trade activities and the government’s investment on
office and retail buildings.
Industrial construction: The industrial construction sector is expected to grow by XX.XX% in real terms in 2023, before
registering an annual average rate of XX.XX% between 2024 and 2027, fueled by the recovery in industrial and
manufacturing activities, coupled with an increase in export activities and an improvement in the wider economy.
Infrastructure construction: The infrastructure sector is expected to grow by XX.XX% in 2023 and register an annual
average growth of XX.XX% during 2024–27, supported by increased investment in transport infrastructure projects to
boost Morocco’s position as a trade and manufacturing hub.
Energy and utilities construction: The energy and utilities construction sector is expected to grow by XX.XX% in 2023
and register an average growth of XX.XX% during 2024-27, supported by investment in renewable energy projects,
especially in solar and wind energy sub-sector.
Institutional construction: The institutional construction sector is expected to grow by XX.XX% in real terms in 2023,
and record an annual average growth rate of XX.XX% from 2024 to 2027, supported by government investment in
education and healthcare facilities.
Residential construction: The residential construction sector is expected to grow by XX.XX% in 2023, before registering
XX.XX% annual average rate between 2024 and 2027, supported by the government's plans to build affordable housing.

2. Construction Industry: At-a-Glance

Table 1: Construction Industry Key Data
Construction Output Value, 2022 Construction Output Value/GDP,

Construction Output Growth (Real)
(Nominal) 2022
XX.XX% (2022), XX.XX% (2023,

$XX.XX billion XX.XX%
XX.XX% (2024-27 average)
Source: GlobalData © GlobalData
Figure 1: Morocco, Construction Output (Real % Change), 2021–27
Figure 2: Morocco, Construction Output by Sector (Real % Change), 2021–23 and 2024–27

3. Related Reports
• Construction in Egypt – Key Trends and Opportunities to 2026 (Q4 2022)
• Construction in Nigeria - Key Trends and Opportunities to 2026 (Q4 2022)
• Construction in Algeria – Key Trends and Opportunities to 2026 (H2 2022)
• Construction in Tunisia - Country Briefing (H2 2022)

4. Definitions
Construction industry output values are based on data sourced from official national statistics and generally reflect the
total value of construction activity in any given time period, including costs related to all materials, equipment and
services used. The industry output values are not directly comparable to GlobalData’s project analytics data.
The industry output data reflects the size of the overall construction industry (incorporating all types of activity and all
values of projects), whereas GlobalData’s project analytics data is based on the pipeline of new construction projects
over a minimum value threshold of $25 million and at all stages of development, from announcement to execution.
The data on the “Projected Annual Spending” is based on the existing pipeline of projects only, and assumes
expenditure on these projects will be spread evenly over the construction phase. The data is also based on the
assumption that all projects proceed as planned.
For the purposes of this report, the following timeframes apply:
• Review period: 2017–2022

• Forecast period: 2023–2027
• Base year: 2022
Note: GlobalData’s real construction data is calculated by keeping prices and exchange rates constant at the level
recorded in 2017.
All conversions from local currency values to $ values are calculated using the estimated annual average
exchange rate for 2023.

The key construction markets and categories featured in the report are defined below:
Table 2: GlobalData Construction Market Definitions

Term Definition
The total revenue of construction services during a set period. It is the sum of receipts
from domestic construction, net receipts from construction activities abroad, receipts
from products sold, receipts from industrial services carried out for others, receipts from
goods sold in the same condition as purchased less the cost of goods sold, value of fixed
Construction output
assets produced, and changes in inventories of finished products and work in progress. It
covers all forms of construction activities, including new builds, renovation, repair and
maintenance, and demolition, and the three cost types: construction services,
construction materials, and construction equipment.
It is calculated by adding all outputs and subtracting intermediate inputs, including
Construction value add equipment, material, labor and energy costs. The term covers all forms of construction
activities, including new build, renovation, repair and maintenance and demolition.
The construction of office buildings; sports complexes such as athletic fields, golf courses
and parks; shopping centers; and hotels. It excludes any kind of residential building used
Commercial
for rental purposes or any other kind of commercial usage. For reporting purposes, the
Construction
market is split into five categories: leisure and hospitality buildings, office buildings,
outdoor leisure facilities, retail buildings and other commercial construction.
The construction of buildings used for accommodation, foodservice and indoor leisure
Leisure and Hospitality activities. This includes hotels, motels, casinos, restaurants, leisure centers, gyms,
Buildings theatres, conference facilities, exhibition centers, stadium buildings and arenas, and
cinemas.
Buildings used by organizations or companies to conduct office-based business
operations. Mixed-use buildings within which more than 50% of the floorspace is
Office Buildings dedicated to offices are included in this category; however, it excludes all office space in
manufacturing plants, educational buildings or any type of building not part of
commercial construction.
Buildings or facilities associated with outdoor leisure activities. This includes, but is not
Outdoor Leisure
limited to, theme parks, parks, playgrounds, sports and track fields, golf courses, athletics
Facilities
tracks, outdoor cinemas and other outdoor recreational facilities.
Buildings where physical goods are sold. This includes, but is not limited to, shops, malls,
department stores, supermarkets, hypermarkets, and garages and service stations. It
Retail Buildings
excludes foodservice facilities, except where those facilities are components of larger
retail developments.
All other types of commercial construction not included in the leisure and hospitality
Other Commercial buildings, office buildings, outdoor leisure facilities and retail buildings categories. This
Construction category includes, but is not limited to, data centers, agricultural and forestry buildings,
cold storage, silos, warehouses, bus and truck terminals, and vehicle parks.
Facilities for raw material processing, storage and manufacturing industries. For
reporting purposes, the market is split into four main categories: chemicals and
Industrial Construction
pharmaceutical plants, manufacturing plants, metal and material production and
processing plants, and waste processing plants.
Specialist facilities used in the production and processing of chemicals and
Chemicals and pharmaceutical products. This category includes, but is not limited to, acid plants,
Pharmaceutical Plants ammonium plants, clean rooms, and pharmaceutical manufacturing and packaging
facilities.
Facilities used for the production of industrial, consumer and technology products,
including industrial equipment, automobiles, textiles, food and drink, plastic and paper
products and semiconductors. This category includes, but is not limited to, assembly
Manufacturing Plants
plants, canneries, food processing plants, printing plants, semiconductor plants and
textile mills. It excludes facilities included in the chemicals and pharmaceutical plants,
refinery buildings and metal and material production, and processing plant categories.

Facilities used in the refining of ores and raw materials, and the production of base and
Metal and Material
precious metals and basic metal components. The category includes, but is not limited
Production, and
to, aluminum plants, cement plants, foundries, furnaces, kilns, paper and pulp mills,
Processing Plants
smelters and steel mills.
Buildings used for the treatment of medical, industrial, nuclear and solid household
Waste Processing Plants waste. It includes plants which aid the processing of waste and by-products, such as
incinerators and waste disposal plants.
Heavy infrastructure construction projects including, but not limited to, highways,
Infrastructure bridges, tunnels, dams, dikes, subways, and other mass transit projects. For reporting
Construction purposes, the market is split into three main categories: rail infrastructure, road
infrastructure, and other infrastructure projects.
Facilities that serve the railway system. This includes, but is not limited to, rail bridges,
Rail Infrastructure
railway stations, terminals, rail buildings, rail tunnels and rail tracks.
Includes, but is not limited to, highways, causeways, streets, parkways, pavements,
Road Infrastructure
underpasses, flyovers and overpasses, road bridges and road tunnels.
All other forms of infrastructure construction not included in the transport infrastructure
Other Infrastructure
categories. This category includes, but is not limited to, airports, dams, ports, land
Projects
control systems and inland waterway infrastructure
Energy and telecommunications-related projects, oil and gas projects including upstream
and downstream exploration, and utility projects such as water and sewage
Energy and Utilities
infrastructure. For reporting purposes, the market is split into five main categories:
Construction
electricity and power, oil and gas, telecommunications, sewage infrastructure and water
infrastructure.
Buildings for power generation and transmission, and electrical transmission
Electricity and Power infrastructure including the laying and installation of cables, pipes and transmitting
towers.
All facilities involved in oil and gas production, including transportation and refining. The
Oil and Gas category includes, but is not limited to, pipeline infrastructure, refineries, oil and gas
derricks, platforms and storage tanks.
Telephone and mobile exchanges, towers and communication cable laying, including
Telecommunications
underground and optical fiber cables.
Facilities that collect and treat waste and sewage. This includes, but is not limited to,
Sewage Infrastructure drainage systems, septic tanks, sewer pipes and pumping stations, disposal plants and
treatment facilities.
Drinking and utility water treatment, storage and distribution infrastructure. This
includes, but is not limited to, aqueducts, desalination plants, filtration plants,
Water Infrastructure
distribution lines, irrigation systems and reservoirs. Dams and hydro-power plants are
excluded from this category.
Government, public and religious buildings. For reporting purposes, the market is split
Institutional
into five main categories: educational buildings, healthcare buildings, institutional
Construction
buildings, religious buildings and research facilities.
Buildings used for primary, secondary and higher education purposes. This includes, but
Educational Buildings is not limited to, classrooms, auditoriums, laboratories, libraries, gymnasiums,
recreational facilities, dormitories, and facilities for preparing or eating food.
Facilities specifically designed to house healthcare service providers. This includes, but is
Healthcare Buildings
not limited to, hospitals, clinics, surgeries and laboratories.
Buildings used for government administration and public services. This includes, but is
not limited to, civil service offices, barracks, armories, animal shelters, fire stations, jails
Institutional Buildings
and penitentiaries, museums, police stations, post offices, public libraries and
monuments.
Buildings specifically used for worship and religious teaching, studies and seminars. It
also includes buildings used as residences by religious orders. The category includes, but
Religious Buildings
is not limited to, churches, cathedrals, synagogues, mosques, temples, monasteries and
convents.
Research Facilities Any building used for non-commercial and specialist research activities.

Single-family or multi-family residential buildings. For reporting purposes, the market is

Residential Construction
split into the single-family and multi-family housing categories.
Individual free-standing dwelling units designed as the residence of a single family. This
Single-Family Housing includes, but is not limited to, bungalows, cabins, detached and semi-detached houses,
terraced houses and townhouses.
Residential buildings where several separate housing units are contained within a single
Multi-Family Housing building. This category includes, but is not limited to, condominiums and low-rise and
high-rise apartment blocks.

Table of Contents
| About GlobalData .........................................................................................................................................................2
1. Executive Summary ..................................................................................................................................................7
2. Construction Industry: At-a-Glance ..........................................................................................................................8
3. Context.....................................................................................................................................................................9
3.1 Economic Performance......................................................................................................................................9
3.2 Political Environment and Policy........................................................................................................................9
3.3 Demographics ...................................................................................................................................................9
3.4 Risk Profile ......................................................................................................................................................10
4. Construction Outlook .............................................................................................................................................11

4.1 All Construction ...............................................................................................................................................11
- Outlook ...........................................................................................................................................................11
- Latest news and developments .......................................................................................................................13
4.2 Commercial Construction ................................................................................................................................14
- Outlook ...........................................................................................................................................................14
- Project analytics ..............................................................................................................................................15
4.3 Industrial Construction ....................................................................................................................................17
- Outlook ...........................................................................................................................................................17
4.4 Infrastructure Construction .............................................................................................................................20
- Outlook ...........................................................................................................................................................20
4.5 Energy and Utilities Construction ....................................................................................................................23
- Outlook ...........................................................................................................................................................23
4.6 Institutional Construction ................................................................................................................................26
- Outlook ...........................................................................................................................................................26
4.7 Residential Construction..................................................................................................................................29
- Outlook ...........................................................................................................................................................29
5. Key Industry Participants .......................................................................................................................................32

5.1 Contractors .....................................................................................................................................................32

5.2 Consultants .....................................................................................................................................................33
6. Construction Market Data......................................................................................................................................34
7. Appendix ................................................................................................................................................................36
7.1 What is this Report About?..............................................................................................................................36
7.2 Definitions.......................................................................................................................................................36
7.3 CRI Methodology.............................................................................................................................................40
7.4 GlobalData Construction .................................................................................................................................41
| Contact Us ...................................................................................................................................................................42

List of Figures
Figure 1: Morocco, Construction Output (Real % Change), 2021–27 8
Figure 2: Morocco, Construction Output by Sector (Real % Change), 2021–23 and 2024–27 8
Figure 3: Morocco, Risk Summary 10
Figure 4: Morocco, Risk Regional Comparison 10
Figure 5: Morocco, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018–27 12
Figure 6: Morocco, Construction Output Value, by Sector (Real, $ Million), 2018–27 12
Figure 7: Morocco, Construction Value Add (MAD Million, 2014 chained prices) 13
Figure 8: Morocco, Loan Outstanding for Construction and Public Work (MAD, Million) 13
Figure 9: Morocco, Commercial Construction Output by Project Type (Real, $ Million), 2018–27 14
Figure 10: Morocco, Commercial Construction Projects Pipeline, Value by Stage ($ Million) 15
Figure 11: Morocco, Hotel and Restaurants Value Add (MAD Million, 2014 Chained Prices) 16
Figure 12: Morocco, Industrial Construction Output by Project Type (Real, $ Million), 2018–27 17
Figure 13: Morocco, Industrial Construction Projects Pipeline, Value by Stage ($ Million) 18
Figure 14: Morocco, Manufacturing Industry Value Add (MAD Million, 2014 Chained Prices) 19
Figure 22: Morocco, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27 20
Figure 23: Morocco, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million) 21
Figure 24: Morocco, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27 23
Figure 25: Morocco, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million) 24
Figure 26: Morocco, Institutional Construction Output by Project Type (Real, $ Million), 2018–27 26
Figure 27: Morocco, Institutional Construction Projects Pipeline, Value by Stage ($ Million) 27
Figure 28: Morocco, Education and Health Sector Value Add (MAD Million, 2014 Chained Prices) 28
Figure 29: Morocco, Residential Construction Output by Project Type (Real, $ Million), 2018–27 29
Figure 30: Morocco, Residential Construction Projects Pipeline, Value by Stage ($ Million) 30
Figure 31: Morocco, Headquarters of Key Contractors (% of Total Project Pipeline) 32
Figure 32: Morocco, Headquarters of Key Consultants (% of Total Project Pipeline) 33

List of Tables
Table 1: Construction Industry Key Data 8
Table 2: Morocco, Key Economic Indicators 9
Table 3: Morocco, Commercial Construction Output by Project Type (Real % Change), 2018–27 14
Table 4: Morocco, Top Commercial Construction Projects by Value 15
Table 5: Morocco, Industrial Construction Output by Project Type (Real % Change), 2018–27 17
Table 6: Morocco, Top Industrial Construction Projects by Value 18
Table 7: Morocco, Infrastructure Construction Output by Project Type (Real % Change), 2018–27 20
Table 8: Morocco, Top Infrastructure Construction Projects by Value 21
Table 9: Morocco, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27 23
Table 10: Morocco, Top Energy and Utilities Construction Projects by Value 24
Table 11: Morocco, Institutional Construction Output by Project Type (Real % Change), 2018–27 26
Table 12: Morocco, Top Institutional Construction Projects by Value 27
Table 13: Morocco, Residential Construction Output by Project Type (Real % Change), 2018–27 29
Table 14: Morocco, Top Residential Construction Projects by Value 30
Table 15: Morocco, Key Contractors 32
Table 16: Morocco, Key Consultants 33
Table 17: Morocco, Construction Output Value (Real, $ Million) 34
Table 18: Morocco, Construction Output Value (Nominal, MAD Million) 35
Table 19: GlobalData Construction Market Definitions 37
Table 20: Risk Dimensions 40
Table 21: Ratings, Scores and Definitions 40

| Contact Us
If you have any more questions regarding our research, please contact us:
Client Services
clientservices.construction@globaldata.com
+44 (0) 207 936 6400
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The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that
the findings, conclusions and recommendations that GlobalData delivers will be based on information gathered in good
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Construction in Morocco | H1 2023

Inside: Related reports: Report type:

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2. Construction Industry: At-a-Glance

Construction Output Value, 2022 Construction Output Value/GDP,

XX.XX% (2022), XX.XX% (2023,

Figure 1: Morocco, Construction Output (Real % Change), 2021–27

Source: GlobalData © GlobalData

Source: GlobalData © GlobalData

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For the purposes of this report, the following timeframes apply:

• Review period: 2017–2022

WWW.GLOBALDATA.COM © GlobalData Plc 2022 | 6

Table 2: GlobalData Construction Market Definitions

WWW.GLOBALDATA.COM © GlobalData Plc 2022 | 7

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Single-family or multi-family residential buildings. For reporting purposes, the market is

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1. Executive Summary ..................................................................................................................................................7

2. Construction Industry: At-a-Glance ..........................................................................................................................8

4. Construction Outlook .............................................................................................................................................11

5. Key Industry Participants .......................................................................................................................................32

WWW.GLOBALDATA.COM © GlobalData Plc 2022 | 10

5.2 Consultants .....................................................................................................................................................33

6. Construction Market Data......................................................................................................................................34

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© GlobalData Plc. All Rights Reserved.

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