Investments in infrastructure, housing and tourism are building blocks essential to Morocco’s future: they promote long-term economic growth, create a positive image of the kingdom and seduce foreign investors. But recent spikes in the costs of construction materials have many worried that the breakneck speed of development could soon prove unsustainable, as demand outpaces supply. Bull market in construction sector Construction in Morocco is entering its most bullish phase ever, with the country launching touristic accommodations, luxury real estate, infrastructural projects and social housing developments in numerous regions. In the past three years, the North African kingdom has emerged as a real estate investment destination. The government, investing heavily in this image, is financing large-scale building projects in various sectors to raise infrastructure to international standards, increase tourism, foreign investment and resolve the shortage of low-income housing. The government’s Plan Azur is part of the strategic national development plan, Vision
