New Market Report: Morocco Infrastructure Report 2015

From: Fast Market Research, Inc.
Published: Tue Jan 20 2015

We are forecasting positive growth in Morocco's construction sector in 2015 based on extensive government investment in a range of infrastructure projects. Morocco is improving its road, rail and air travel connections, upgrading port facilities, addressing the housing shortfall and building a substantial tourism infrastructure base. The country is also keen to realise ambitious renewable energy targets, resulting in a wide range of solar and wind power projects entering the pipeline.

Morocco is open to foreign direct investment and is also the target of a multitude of international development financing programmes, benefiting from its strategically strong geographic position. There are ongoing concerns relating to corruption in the tender process and delays to ongoing projects, as well as regional political unrest, which could undermine confidence in Morocco's infrastructure sector, but at present our forecasts for growth remain optimistic.

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Key Trends And Developments

* We forecast real GDP growth of 4.0% in 2015 and 2016, driven by improvements in the external sector and investment outlook: manufacturing exports and tourism should continue to strengthen and we also expect a moderate acceleration in household consumption on the back of lower international food and oil prices, as well as a recent hike to the minimum wages of both the public and private sectors.
* Renewable energy continues to attract extensive investment: Chinese mechanical and electrical equipment manufacturing firm Shanghai Electric plans to invest more than MAD17bn (USD2bn) building solar power projects in Morocco over five years. Plans involve building five solar power stations with a combined generation capacity of 3.5GW in various parts of the country. Shanghai Electric has already secured financing for the projects from China Development Bank.
* Morocco continues to invest in expanding its transport network, with a range of road and rail expansion projects underway. The...

The Morocco Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Morocco Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Moroccan infrastructure and construction industry.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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