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Morocco

Morocco news and analysis, tenders, contracts awarded, commentary and economic data

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Morocco_map_527x286px Morocco+flag King+Mohammed+VI
Morocco
Leader
King Mohammed VI

Morocco country datafile
Country overview
Government contacts

Country data

Iran 2007 2008 2009 2010 2011 2012f 2013f
Nominal GDP ($bn) 75.2 88.9 90.9 90.8 99.3 97.2 103.3
GDP per capita ($) 2,439 2,851 2,885 2,851 3,084 2,988 3,144
Real GDP growth (annual change, %) 2.7 5.6 4.9 3.7 4.9 2.9 5.5
Government revenue (% of GDP) 29.9 32.5 29.3 27.5 27.6 28.3 28.1
Government total expenditure (% of GDP) 30.1 31.8 31.1 31.9 34.5 34.4 33.3
Total government debt (gross, % of GDP) 54.6 48.2 48 51.3 54.3 58.1 58.9
Current account balance (% of GDP) -0.1 -5.2 -5.4 -4.3 -8 -7.9 -5.4
Value of oil imports 6.4 9.4 6.7 8.1 11.1 11.7 11.5
Value of oil & gas exports 0.3 0.4 0.3 0.2 0.9 0.9 0.9
Inflation (%) 2 3.9 1 1 0.9 2.2 2.5
Click to see full economic data (2005 - 2017 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: March 2013

Morocco trends

Mena oil and gas contract awards 2011-2013

UAE driving Mena oil and gas spending Subscription

16 May 2013, 7:48 GMT | By

Spending in second quarter looks likely to outstrip first as major offshore deals are awarded

Middle East contracts awarded April 2013

Middle East contracts awarded: April 2013 Subscription

5 May 2013, 7:41 GMT

Just over $12bn-worth of contracts were awarded in April

Middle East and North Africa inflation

Inflation risks social unrest Subscription

7 February 2013, 7:50 GMT | By Richard Nield

Oil exporters will increase subsidises to contain inflation, but other governments are likely to struggle

Expanded GCC plans

Plans stall for an expanded GCC Subscription

9 January 2013, 23:39 GMT | By Peter Salisbury

Some members are reluctant to welcome Amman or Rabat into the GCC due to their fiscal weakness

Rabat renewables

Rabat leads way with renewables Subscription

13 December 2012, 16:12 GMT

Morocco shows that it can execute renewable energy projects and act as a catalyst to regional plans

Casablanca finance city shareholders

Moroccan Financial Board Subscription

26 September 2012, 13:57 GMT | By

Plans to develop Casablanca Finance City will be tough in the current economic climate

Nizar Baraka: Loooking to diversify the Moroccan economy

Morocco’s economic recovery in the balance Subscription

26 September 2012, 7:59 GMT | By Tarek Halim

Fiscal and external pressures are challenging economic recovery in the North African kingdom

Tunisia: Educated youth protesting due to joblessness

Euro crisis will test new rulers

20 September 2012, 14:18 GMT

Europe’s economic woes will make the job creation challenge worse

Slowdown: Europe is a key trading partner and a major source of credit for North Africa

North Africa looks beyond Europe for investment Subscription

20 September 2012, 6:26 GMT | By Peter Salisbury

Fragile economies will have to find new sources of investment and credit as eurozone crumbles

Malaysia

Learning lessons from Malaysia

6 September 2012, 14:34 GMT

The Gulf’s Islamic banks could learn much from the global leader of sharia-compliant finance – Malaysia

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MEED comment

Rabat renewables

Rabat leads way with renewables Subscription

13 December 2012, 16:12 GMT

Morocco shows that it can execute renewable energy projects and act as a catalyst to regional plans

Tunisia: Educated youth protesting due to joblessness

Euro crisis will test new rulers

20 September 2012, 14:18 GMT

Europe’s economic woes will make the job creation challenge worse

Malaysia

Learning lessons from Malaysia

6 September 2012, 14:34 GMT

The Gulf’s Islamic banks could learn much from the global leader of sharia-compliant finance – Malaysia

Bankirane: King makes all major decisions

Reform: third way or the highway

30 August 2012, 13:53 GMT

Morocco’s new leaders say they are changing how things are done, but many prefer a faster pace of reform

More MEED commentary

Special reports

Morocco's King Mohamed VI with Prime Minister Abdelilah Benkirane

Morocco: Premier under pressure to deliver Subscription

30 August 2012, 9:02 GMT

The weight of expectation that Morocco’s new government would improve the lot of the average citizen when it came to power was huge

More Morocco special reports

Market presentations

Mena renewables 2013

Webinar: MENA Renewable Energy Subscription

12 May 2013, 12:38 GMT

In this presentation, MEED discusses the trends and prospects for renewable power in the region

Solar power panels

Arab states plan renewable energy capacity hike Subscription

24 November 2011, 13:00 GMT

Get exclusive insight into the drivers behind the ambitious 2020 renewable energy programmes in the Middle East

More MEED webinars

Tenders & project awards

Middle East contracts awarded April 2013

Middle East contracts awarded: April 2013 Subscription

5 May 2013, 7:41 GMT

Just over $12bn-worth of contracts were awarded in April

Morocco’s high-speed rail project awards design-build contract Subscription

9 April 2013, 13:05 GMT | By

French consortium wins Morocco high-speed rail deal

Morocco awards high-speed rail signalling contract Subscription

9 April 2013, 6:16 GMT | By

New deadline set for stations tender on Tangier-Marrakech railway

Morocco: Substation project Subscription

28 March 2013, 8:18 GMT | By

Carrying out a 225/60kV transformer substation project

Morocco: Diesel generators Subscription

28 March 2013, 8:15 GMT | By

Extension of 16/20MW diesel generators

Morocco: Pumped storage power plant Subscription

16 February 2013, 19:57 GMT | By

Carrying out a 350MW pumped storage power plant project

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Top 10 projects

Rank Project Name Sector Contract value ($m)
1 Ch'Rafate City Project Construction 3,000
2 Safi IPP Power 2,100
3 Plan Azur: The Taghazout Construction 2,000
4 Bahia Bay Construction 1,200
5 TangMed Container Port Phase 2 Transport 1,095
6 Jorf Lasfar Coal Fired Power Plant Expansion Power 1,050
7 Moroccan Solar Plan: Ouarzazate Solar IPP: Phase 1 (CSP) Power 1,000
8 Royal Ranches Marrakech Construction 850
9 Bab AlBahr Construction 750
9 Park Hyatt Marrakech Construction 750
Click through to the full data table on Morocco's biggest projects in construction
Click through to MEED's Q1 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2013; All projects are in execution

Companies

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People

Albert Le Dirach Subscription

30 October 2012, 10:05 GMT

Albert Le Dirach is president, Societe Generale Maroc

Rachid Marrakchi Subscription

30 October 2012, 9:59 GMT

Rachid Marrakchi is general manager, Banque Marocaine pour le Commerce et l’Industrie

Mohamed Benchaaboune Subscription

30 October 2012, 9:47 GMT

Mohamed Benchaaboune is chairman and managing director, Banques Populaires

Othman Benjelloun Subscription

30 October 2012, 8:20 GMT

Othman Benjelloun is Chairman and chief executive officer, Banque Marocaine du Commerce Exterieur

Mohamed el-Kettani Subscription

30 October 2012, 8:08 GMT

Mohamed el-Kettani is chairman and managing director, Attijariwafa Bank

Abdellatif Jouahri Subscription

30 October 2012, 7:52 GMT

Abdellatif Jouahri is governor, Bank al-Maghrib

See all Morocco biographies

Latest Morocco news

Morocco to develop new port at Safi Subscription

13 May 2013, 8:30 GMT | By

Turkish firm wins construction contract

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Research reports

renewable report

MENA Renewable Energy 2013 Report

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