The accession of King Salman bin Abdulaziz Al Saud in January 2015 was the start of a new chapter for the Kingdom, and with the fall in global oil prices and continued regional turbulence there are undoubtedly challenges to be met. However, domestic stability, combined with the government’s commitment to major development projects and sustained focus on economic diversification, indicate a positive overall outlook for the country moving forward.
A drop in real estate activity in the years following the global financial crisis marked an end to the sector’s boom years, but the industry has shown signs of a sustained recovery more recently. Transactions and foreign direct investment (FDI) both increased in 2014, although prices on average remained stable. The sector continues to be...
After a slowdown in recent years, the construction industry – one of the country’s most dynamic sectors – saw a return to growth in 2014. Strong demand for housing, public spending on infrastructure and incentives from the Ministry of Housing and Urban Policy ( Ministère de l’Habitat et de la Politique de la Ville, MHU) have continued to help...
After a slowdown in recent years, Morocco’s construction industry saw a return to growth in 2014 and continues to be driven by strong demand for housing, public spending on infrastructure and investor incentives from the Ministry of Housing and Urban Policy – though constraints on credit access are restricting the volume of new developments. A unified construction code designed to raise...
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