Construction in Morocco - Key Trends and Opportunities to 2019
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Timetric’s Construction in Morocco – Key Trends and Opportunities to 2019 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 construction activity Analysis of equipment, material and service costs for each project type in 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 Profiles of the leading operators in the Moroccan construction industry Data highlights of the largest construction projects in Morocco Browse Detail Report With TOC @ http://www.researchmoz.us/construction-in-morocco-key-trends-and-opportunities-to-2019-report.html Executive summary The Moroccan construction industry is expected to be supported by government investments in infrastructure and housing projects over the forecast period (2015–2019). The government aims to improve its transport and tourism infrastructure, while addressing the country’s housing shortage and modernizing energy delivery by increasing the volume of renewable schemes. Accordingly, the Moroccan government introduced the Industrial Acceleration Plan, the Moroccan Project for Solar Energy, the Vision 2020 for the tourism sector and the Rawaj Vision 2020 to bolster trade activities. These plans will create greater demand for construction services over the forecast period. Consequently, in real terms, the industry’s growth is expected to rise from a compound annual growth rate (CAGR) of 2.25% during the review period (2010–2014) to 4.37% over the forecast period. To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=sample&repid=298868 Scope This report provides a comprehensive analysis of the construction industry in Morocco It provides: Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Morocco using construction output and value-add methods Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 Browse All Reports in Construction Category @ http://www.researchmoz.us/construction-market-reports-119.html Key highlights As a part of the government’s 2015 Finance Act, Moroccan National Railways (Office National des Chemins de Fer du Maroc – ONFC) plans to invest MAD7.5 billion (US$780 million) in the development of rail infrastructure. Of the total budget, MAD4.0 billion (US$482.2 million) is to be allocated to the Tangiers-Kenitra high-speed line, which is under construction and expected to be completed by 2016. The remaining MAD3.5 billion (US$421.9 million) is to be allocated for the modernization of existing lines. The project is expected to support the growth of the infrastructure construction market over the forecast period. In order to improve transport facilities and support the tourism sector, the Moroccan government announced its plans to construct a new Marrakech Airport in 2014. The present airport recorded a passenger capacity of 9.0 million passengers per year in 2014. However, the city expects an increase in passenger flow to 14.4 million per year by 2030. The new airport is expected to cost MAD4.3 billion (US$520 million) and upon its completion the airport is expected to accommodate 10.0 million passengers per year. During the first quarter of 2015, United Arab Emirates (UAE) based Tasweek Real Estate Development and Marketing announced its plan to construct a mixed-use project in Agadir, Morocco. The project is estimated to cost MAD202.0 million (US$55.0 million) and expected to include the construction of healthcare and residential units, retail outlets, hotels, and spas. The project will strengthen bilateral relations between the UAE and Morocco while attracting investments from Gulf Corporation Council (GCC) nations. Marrakech has been ranked as the number one tourist destination for 2015 according to Trip Advisor. Government aims to expand tourism infrastructure, in the rest of the cities of Morocco too, hence has several plans on the way. Some of them include the construction of the Africa Museum in Tangier for an estimated cost of MAD950 million (US$106 million); a seaside resort worth MAD11.6 billion (US$1.4 billion) at Saidia; a seaside resort worth MAD5.2 billion (US$625 million) on the Southwest Atlantic Coast; a resort on Atlantic coast worth MAD6.5 billion (US$780 million); the MAD3.2 billion (US$390 million) resort at Meknes and a beachfront resort in Aghroud worth MAD10.0 billion (US$1.2 billion). These projects are expected to be completed by 2020. The projects will be constructed under Vision 2020 and are being funded by the Moroccan Fund for Tourism Development (FMDT). The Moroccan Ministry of Infrastructure, Transport and Logistics plans to invest MAD36.0 billion (US$4.3 billion) in infrastructure and public works in 2015. Of the total investment, MAD12.8 billion (US$1.5 billion) will be spend on ports infrastructure, MAD9.7 billion (US$1.2 billion) on roads and highways development and MAD4.7 billion (US$566.6 million) on railway infrastructure. These investments are expected to support the demand for infrastructure construction over the forecast period. 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