Summary

Morocco’s economy has been growing at an annual average of 4% from 2008. The political stability and the geostrategic location are offering a competitive advantage compared to other countries in northern Africa. The country receives the highest foreign direct (FDI) investments in the African region with focused investments in the manufacturing industry, real estate, and tourism sectors yet FDIs in the transport and logistics sector are relatively limited in the country and account for less than 3% in total FDIs. The geostrategic location of Morocco within Africa and the Mediterranean, the signing of free trade arrangements with the EU, USA, Turkey, together with a rise in income per capita, has resulted in increased volumes of international trade during the past fifteen years. The vast majority of Morocco’s foreign trade comes by sea making it crucial for further economic growth to invest in the country’s 35 commercial ports. Along with successful Maritime, Morocco’s air, rail, and road freight transport and the logistics sector has shown strong growth rates as well. National Logistics Strategy 2030 an initiative that was introduced by the government of Morocco is focusing on decreasing logistics costs to contribute to higher GDP growth rates, reduction of Carbon dioxide emissions and the creation of 36,000 jobs is anticipated to strengthen the logistics sector in the country.

Key Market Trends

Increasing Infrastructure Investments in the Country are Anticipated to Drive the Market

Currently, Morocco’s transport and logistics sector contributes about 4% to GDP and provides jobs to more than 1 million people. Increasing public investments in the country's physical infrastructure during the study period has contributed to the expansion of the domestic transport and logistics sector. The construction of 1,800 km of new expressways, expansion of the rail network, and the development of logistic and industrial zones led to a sharp rise in the number of companies active in the transport and logistics business. During the last 20 years, public investments in infrastructure projects totaled MAD 300 billion, and the investments during 2012 – 2016 alone were MAD 166 billion.

Increasing FDIs in the End-User Segments is Driving the Market

Due to the strategic geographical location between Africa and Europe, Morocco’s foreign trade plays a significant role in developing the country. The rising FDIs are helping the logistics industry to expand rapidly. During 2008- 2016 the key economic sectors of the country received the largest shares in foreign direct investments (FDI) with the real estate segment received the highest FDI with around 25.4% and the rapidly growing manufacturing industry received around 22% FDI. The country also managed at attracting foreign companies active in the automotive, aeronautics, and renewable energy sectors to expand their business in the country.

Competitive Landscape

The freight and logistics market in Morocco is dominated by the majority of international key players and European born companies. The majority of the logistics companies are active both in various freight transports and warehousing services as well. The market is anticipated to grow during the forecast period with the growing e-commerce, and increasing investments into the infrastructure sector of the market.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

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