Construction boom: cement sales surge 10.6% by end of November 2025
Cement sales, a key indicator of construction activity, continued to show strong growth with a 10.6% increase by the end of November 2025, following an 8.9% rise the previous year, according to the Directorate of Studies and Financial Forecasts (DEPF).
The increase was driven by several segments, including ready-mix concrete (+26.6%), distribution (+4.1%), prefabricated materials (+16.6%), infrastructure (+10.1%), and building construction (+2%). This reflects an ongoing expansion across Morocco’s construction sector.
Real estate financing also showed positive momentum, with mortgage loans growing by 3.2% over the first ten months of 2025, surpassing 319.5 billion dirhams, compared to a 2.1% increase in 2024. Housing loans strengthened by 3.3%, while loans to real estate developers rose by 4.5%, signaling robust demand for both residential and development projects.
The cement market remains a reliable barometer of the sector’s performance, underlining steady growth in construction activity and financial support for housing and infrastructure development.
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