- The key vendors in the construction market in Morocco 2015-2019 are CGI Group Inc., Groupe Alliances, Groupe Jamai and Jascom Holdings LLC
London, 08 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the construction market in Morocco 2015-2019. Morocco is witnessing increased FDI in the economy, especially in the construction industry. Foreign investors are currently investing mainly in the real estate and residential construction markets. With growth of the tourism industry in Morocco, FDI in the construction market is further expected to increase. The construction market in Morocco 2015-2019is expected to grow at a CAGR of 4.45% during the forecast period of 2014-2019.
Strong growth of the residential construction sector is the major contributor to growth of the market. The growing population of the country has generated a positive demand for housing. To accommodate the growing population of the country, the government is focusing on development of the real estate and property market.
“Residential construction accounts for a majority share of construction activity in the country. To accommodate the growing population, the government of Morocco is increasingly focusing on development of social housing,” says Faisal Ghaus, Vice President of Technavio Research.
“Increase in purchasing power of the population has led to rise in demand for affordable as well as luxury housing in the country, which directly contributes to growth of the construction market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
