Construction in Morocco - Key Trends and Opportunities to 2018

Published: May, 2014 | Pages: 65 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This 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 type of construction activity
Analysis of equipment, material and service costs across each project type within Morocco
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Moroccan construction industry
Analyzing the profiles of the leading operators in the Moroccan construction industry.
Data highlights of the largest construction projects in Morocco 

Summary
The Moroccan construction industry registered a compound annual growth rate (CAGR) of 4.27% during the review period (2009-2013). This growth was supported by government reforms including the liberalization, modernization and privatization of previously government-run sectors. Despite the financial crisis and the Arab Spring uprisings, the government increased expenditure on the construction and renovation of roads, airports and seaports. Construction industry growth is expected to remain healthy over the forecast period (2014-2018), as a result of the government's focus on infrastructure and residential construction. The residential, infrastructure and commercial construction markets collectively accounted for 84.1% of the construction industry's value in 2013. The contribution of these three markets will be significant to overall industry growth, with industry output expected to record a forecast-period CAGR of 5.06%. 
Scope
This report provides a comprehensive analysis of the construction industry in Morocco. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Morocco using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Morocco 
Reason 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 Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors  
Key Highlights
 The construction industry is one of the most important industries for the Moroccan economy, accounting for 14.8% of GDP in 2012. According to the country's national statistics agency, Haut Commissariat au Plan, the construction industry's value add at constant prices rose by 3.2%, from MAD8.1 billion (US$940.7 million) in the fourth quarter of 2012 to MAD8.4 billion (US$996.3 million) in the fourth quarter of 2013, driven by the government's investment in improving the quality of infrastructure, education and healthcare, and in building affordable homes to meet the rising demand.
Growth in the residential construction market will be supported by a number of affordable housing projects. In 2013, in a bid to increase the supply of affordable housing and create jobs in the country, the International Finance Corporation (IFC) announced its plan to invest MAD420.3 million (US$50.0 million) in Alliances Group, a leading Moroccan home builder, which will help the company to construct 110,000 affordable housing units by 2020.
Morocco is a leading outsourcing destination in Africa; in 2011, it had an annual revenue of MAD7.3 billion (US$900.0 million) and the sector provided employment to 52,000 people. The country also has 200 call centers employing 18,000 people. The country's outsourcing sector is growing rapidly and is expected to generate MAD14.1 billion (US$1.7 billion) and provide 100,000 new jobs by 2015. This is expected to drive growth in the office buildings construction category over the forecast period.
The infrastructure construction market is expected to record healthy growth over the forecast period, driven by investments in road, rail, and energy and communications infrastructure. A number of large transport projects to improve and expand the country's road and rail networks are in progress. Morocco's National Railways Office is currently constructing the Tangier to Casablanca High Speed Rail project, which is estimated to be completed in the first quarter of 2016.
To improve the supply of drinking water in Chtouka Ait Baha province and Agadir, the capital of Agadir-Ida Ou Tanane province, the Islamic Development Bank (IDB) approved a MAD2.3 billion (US$272.0 million) loan in February 2014 to develop water infrastructure in the regions.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Douja Promotion Group Addoha SA
8.1 Douja Promotion Group Addoha SA - Company Overview
8.2 Douja Promotion Group Addoha SA - Main Services
8.3 Douja Promotion Group Addoha SA - Company Information
8.3.1 Douja Promotion Group Addoha SA - key competitors
8.3.2 Douja Promotion Group Addoha SA - key employees
9 Company Profile: Alliances Developpement Immobilier SA
9.1 Alliances Developpement Immobilier SA - Company Overview
9.2 Alliances Developpement Immobilier SA - Main Services
9.3 Alliances Developpement Immobilier SA - Company Information
9.3.1 Alliances Developpement Immobilier SA - key competitors
9.3.2 Alliances Developpement Immobilier SA - key employees
10 Company Profile: Jacobs Engineering SA
10.1 Jacobs Engineering SA - Company Overview
10.2 Jacobs Engineering SA - Main Services
10.3 Jacobs Engineering SA - Company Information
10.3.1 Jacobs Engineering SA - key competitors
10.3.2 Jacobs Engineering SA - key employee
11 Company Profile: Delattre Levivier Maroc SA
11.1 Delattre Levivier Maroc SA - Company Overview
11.2 Delattre Levivier Maroc SA - Main Services
11.3 Delattre Levivier Maroc SA - Company Information
11.3.1 Delattre Levivier Maroc SA - key competitors
11.3.2 Delattre Levivier Maroc SA - key employees
12 Company Profile: Societe Generale des Travaux du Maroc - SA
12.1 Societe Generale des Travaux du Maroc - SA - Company Overview
12.2 Societe Generale des Travaux du Maroc - SA - Main Services
12.3 Societe Generale des Travaux du Maroc - SA - Company Information
12.3.1 Societe Generale des Travaux du Maroc - SA - key competitors
12.3.2 Societe Generale des Travaux du Maroc - SA - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - SORGES - Casablanca Grand Stadium Development - Grand Casablanca
Table 3: Commercial Construction Project 2 - IBM - Casablanca Information Technology Global Delivery Center - Grand Casablanca
Table 4: Commercial Construction Project 3 - CA - CasaArt Theater Complex - Casablanca
Table 5: Industrial Construction Project 1 - Bombardier - Aircraft Parts Manufacturing Plant - Grand Casablanca
Table 6: Industrial Construction Project 2 - HMS - Doukkala Steel Plant - Casablanca
Table 7: Industrial Construction Project 3 - CUM - Meknes Waste Recycling and Disposal Plant - Morocco
Table 8: Infrastructure Construction Project 1 - MASEN - Integrated Solar Energy Generation Program - Rabat
Table 9: Infrastructure Construction Project 2 - ONCF - Tangier to Casablanca High-Speed Rail - Morocco
Table 10: Infrastructure Construction Project 3 - ANP/TMSA - dor West Med Port Complex Development - Morocco
Table 11: Institutiol Construction Project 1 - USDS - Rabat United States Embassy - Morocco
Table 12: Institutiol Construction Project 2 - ANCFCC - Rabat tiol Agency for Land Conservation Headquarters - Rabat-Sale-Zemmour-Zaer
Table 13: Institutiol Construction Project 3 - UM5A/GAO - Tames Technology Training Center - Morocco
Table 14: Residential Construction Project 1 - SAPST - Taghazout Bay Residential Development - Agadir
Table 15: Residential Construction Project 2 - Emaar Morocco - Saphira Community Development - Rabat
Table 16: Residential Construction Project 3 - Emaar - Tinja City Development - Morocco
Table 17: Douja Promotion Group Addoha SA, Key Facts
Table 18: Douja Promotion Group Addoha SA, Main Services
Table 19: Douja Promotion Group Addoha SA, Key Employees
Table 20: Alliances Developpement Immobilier SA, Key Facts
Table 21: Alliances Developpement Immobilier SA, Main Services
Table 22: Alliances Developpement Immobilier SA, Key Employees
Table 23: Jacobs Engineering SA, Key Facts
Table 24: Jacobs Engineering SA, Main Services
Table 25: Jacobs Engineering SA, Key Employee
Table 26: Delattre Levivier Maroc SA, Key Facts
Table 27: Delattre Levivier Maroc SA, Main Services
Table 28: Delattre Levivier Maroc SA, Key Employees
Table 29: Societe Generale des Travaux du Maroc - SA, Key Facts
Table 30: Societe Generale des Travaux du Maroc - SA, Main Services
Table 31: Societe Generale des Travaux du Maroc - SA, Key Employees
Table 32: Moroccan Construction Output by Project Type (MAD Million), 2009-2013
Table 33: Moroccan Construction Output by Project Type (MAD Million), 2013-2018
Table 34: Moroccan Construction Output by Cost Type (MAD Million), 2009-2013
Table 35: Moroccan Construction Output by Cost Type (MAD Million), 2013-2018
Table 36: Moroccan Construction Output by Activity Type (MAD Million), 2009-2013
Table 37: Moroccan Construction Output by Activity Type (MAD Million), 2013-2018
Table 38: Moroccan Construction Value Add by Project Type (MAD Million), 2009-2013
Table 39: Moroccan Construction Value Add by Project Type (MAD Million), 2013-2018
Table 40: Moroccan Commercial Construction Output by Project Type (MAD Million), 2009-2013
Table 41: Moroccan Commercial Construction Output by Project Type (MAD Million), 2013-2018
Table 42: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2009-2013
Table 43: Moroccan Commercial Construction Output by Cost Type (MAD Million), 2013-2018
Table 44: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2009-2013
Table 45: Moroccan Commercial Construction Output by Activity Type (MAD Million), 2013-2018
Table 46: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2009-2013
Table 47: Moroccan Commercial Construction Value Add by Project Type (MAD Million), 2013-2018
Table 48: Moroccan Industrial Construction Output by Project Type (MAD Million), 2009-2013
Table 49: Moroccan Industrial Construction Output by Project Type (MAD Million), 2013-2018
Table 50: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2009-2013
Table 51: Moroccan Industrial Construction Output by Cost Type (MAD Million), 2013-2018
Table 52: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2009-2013
Table 53: Moroccan Industrial Construction Output by Activity Type (MAD Million), 2013-2018
Table 54: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2009-2013
Table 55: Moroccan Industrial Construction Value Add by Project Type (MAD Million), 2013-2018
Table 56: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2009-2013
Table 57: Moroccan Infrastructure Construction Output by Project Type (MAD Million), 2013-2018
Table 58: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2009-2013
Table 59: Moroccan Infrastructure Construction Output by Cost Type (MAD Million), 2013-2018
Table 60: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2009-2013
Table 61: Moroccan Infrastructure Construction Output by Activity Type (MAD Million), 2013-2018
Table 62: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2009-2013
Table 63: Moroccan Infrastructure Construction Value Add by Project Type (MAD Million), 2013-2018
Table 64: Moroccan Institutiol Construction Output by Project Type (MAD Million), 2009-2013
Table 65: Moroccan Institutiol Construction Output by Project Type (MAD Million), 2013-2018
Table 66: Moroccan Institutiol Construction Output by Cost Type (MAD Million), 2009-2013
Table 67: Moroccan Institutiol Construction Output by Cost Type (MAD Million), 2013-2018
Table 68: Moroccan Institutiol Construction Output by Activity Type (MAD Million), 2009-2013
Table 69: Moroccan Institutiol Construction Output by Activity Type (MAD Million), 2013-2018
Table 70: Moroccan Institutiol Construction Value Add by Project Type (MAD Million), 2009-2013
Table 71: Moroccan Institutiol Construction Value Add by Project Type (MAD Million), 2013-2018
Table 72: Moroccan Residential Construction Output by Project Type (MAD Million), 2009-2013
Table 73: Moroccan Residential Construction Output by Project Type (MAD Million), 2013-2018
Table 74: Moroccan Residential Construction Output by Cost Type (MAD Million), 2009-2013
Table 75: Moroccan Residential Construction Output by Cost Type (MAD Million), 2013-2018
Table 76: Moroccan Residential Construction Output by Activity Type (MAD Million), 2009-2013
Table 77: Moroccan Residential Construction Output by Activity Type (MAD Million), 2013-2018
Table 78: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2009-2013
Table 79: Moroccan Residential Construction Value Add by Project Type (MAD Million), 2013-2018
Table 80: Timetric Construction Market Definitions