17 billion dollars to infrastructure projects reliving the Moroccan construction sector

The Morocco construction sector is on its way to record a recovery in the coming years, supported by major infrastructure projects, which are estimated at 170 billion Dirhams ($ 17 billion) in preparation for the host of the World Cup in 2030, according to a report of the “Bank of Africa” ​​report. After years of crises since the corona pandemic on inflationary pressure and high prices of building materials, the next five years are expected to see the implementation of major investment programs in sports, logistics and tourism infrastructure, in order to support the growth of a number of companies operating in the sector, the provisional scholarship. These projects include building the largest soccer field in the world with a capacity of 115 thousand spectators and the rehabilitation of 6 other stadiums with an investment of approximately 20 billion dirhams, and the government intends to double the highway network to 3000 km with a budget of 11.8 billion Dirhams, according to analysts of the BMC Capital Research Center -Research, to the third most bank in the queen. 7,000 companies licensed in the field of construction in the kingdom depends on the projects launched by the government. The sector represents about 6% of gross domestic product in the kingdom and covers about 1.2 million people, according to the figures of the High Commission for Planning. The kingdom has been lifted from airports and railways while the tourism sector reaches record numbers in the number of expatriates, the kingdom plans to double the capacity of its most prominent airports with investments estimated at 42 billion dirhams to the end of the current decade, while the National Railways Office can buy the largest projects with a value of about 96 billion. According to BMCE Capital Global Research, including two cement businesses, a steel production company and two construction companies, according to Casablanca -arranged companies on the Casablanca stock exchange is one of the largest beneficiaries of most projects. The return on the share in the sector is expected to rise by 17.2% this year. Analysts also expect their shares to continue to grow between 12% and 23% during the current year. The data indicates that the construction sector has recovered. This is clear in the growth of cement sales by 9.5% last year to reach 13 million tonnes. Real estate loans have also risen 2.3% to 310 billion dirhams, and this dynamics will continue after the Central Bank of Morocco will continue a monetary facilitation course, reducing the conditions for acquiring loans by real estate developers. In addition to infrastructure projects, the recovery of the property sector contributes to the growth of the construction sector, as the government started a program last year to obtain housing for the period 2024-2028 with an annual budget of about 9.5 billion dirhams, which is expected to benefit from 100 thousand families annually.