Morocco’s construction industry is back in high gear in 2025, with signs of a broad and sustained rebound across the sector. Cement sales—a key indicator of building activity—rose by 11% through the end of July, significantly outpacing the 6.8% growth seen over the same period last year. This uptick points to a steady and widespread recovery, with gains visible across all major segments of the industry.
Ready-mix concrete led the charge with an impressive 25.5% increase, while the prefabricated building sector followed closely behind with a 17.9% rise. Distribution activity also climbed by 5.6%, and deliveries for infrastructure projects grew by 7.8%. The momentum didn’t let up as the second half of the year began—cement sales jumped 17.6% in July alone, building on the 15.4% growth recorded in the previous quarter.
Fueling this resurgence is a clear revival in real estate lending. By the end of June, total outstanding property loans surpassed 317 billion dirhams, marking a 3% increase year-over-year. Home loans grew by 2.5%, up from 1.4% at the same point last year. Meanwhile, loans for real estate development saw even stronger gains, climbing 6.6% compared to 3.3% in 2024.
