The UAE have more than $300 billion of active mega projects covering several sectors. The top 5 projects span transport, retail, leisure, power and petrochemical projects.
Algeria has more than $69 billion of active projects, of which $56 billion is currently under construction. The government is actively seeking to diversify the economy away from its reliance on hydrocarbons.
Saudi Arabia is aggressively working to diversify away from its reliance on hydrocarbons. There are more than $1.6 trillion of active projects in the kingdom, many of them megaprojects worth hundreds of billions.
Diversifying Angola’s economy away from its reliance on oil revenues is a priority for the government. More than $22 billion of projects in Angola is under construction, with another $40 billion on the drawing board.
By comparison, Ghana is has one of the most active construction markets in Africa. There are more than $40 billion of active construction projects of which more than 40 per cent is transport infrastructure.
Tanzania’s population will increase by 17 per cent over the next ten years to 69 million. Economic development, and subsequently infrastructure development, is a crucial priority for the government. There is $62 billion of active projects in Tanzania.
Ethiopia is the second-most populous country in Africa and will grow by more than 25 per cent over the next decade. At present, Ethiopia has more than $31 billion of active projects, of which more than $18 billion is under construction.
Senegal has close to $20 billion of active projects. Excellent ICT infrastructure enables Senegal to position itself as a leader in the region with billions of foreign direct investment into critical sectors.
Saudi Arabia’s population will increase by 4 million people over the next ten years. The country is investing heavily in critical infrastructures such as water and power. There are more than $5.5 billion of water projects currently under construction.