Prior to the beginning of the global economic downturn in 2008, Morocco’s real estate market drew considerable investment from multinational firms for the development of high-end villas, hotels, resorts and leisure facilities, aimed at a primarily foreign audience. Foreign direct investment in the real estate sector peaked at Dh9.15bn (€813m) in...
Despite the difficult global economic context, Morocco’s real estate sector is performing well, having recovered from a drop five years ago. Activity is down from its peak levels – recorded in 2007-08 – but the sector continues to attract a number of international players. Social housing has proven to be the driving force behind the industry in...
A look at Morocco’s landscape, dotted by worksites in both urban and rural areas, demonstrates the vitality of the construction and public works sector. While building has slowed in some sectors as a result of the global economic downturn, strong demand for construction in housing, public services, industry and energy should continue to stimulate...
In the past several years, government investment in key areas and public works have helped propel growth in the Algerian economy, which grew by 2.6% in 2011. Major projects in the industry contributed 10% to annual GDP in 2009-11. Projecting an estimated value of $21.7bn in 2012, the industry will continue to be a primary driver of growth for...
The housing shortage in Algeria has posed a key challenge to the authority of the government, igniting protests in cities across the country and highlighting stark disparities. Despite steady GDP growth, an increasing number of Algerians lack access to affordable housing, while many are left to take their chances in the informal housing sector. High...
Following the global economic downturn in 2008, Algeria’s real estate market suffered a slowdown, incurring the loss of some key investors and the postponement of various projects. Nevertheless, sector developments remain largely positive, driven by significant government and private sector investments to increase housing availability and realise...
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