Market Snapshot: The Egyptian construction sector

Market Snapshot: The Egyptian construction sector

Over recent decades, Egypt has seen substantial economic growth. In 2000, GDP in current prices stood at $104 billion. In 2022, it had more than quadrupled to $475 billion. Despite a likely drop in 2023 and 2024, the IMF forecasts GDP to rise again to nearly $600 billion by 2028. GDP growth is forecasted to strengthen from 3.6% in 2024 to more than 6% in 2028. Between 2024 and 2028, the IMF expects GDP per capita to grow from $3,300 to about $5,000.

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Unveiling Africa’s Construction Powerhouses: Key Contributors and Growth Trends

Unveiling Africa’s Construction Powerhouses: Key Contributors and Growth Trends

The construction sector in Africa is experiencing a dynamic surge, driven by rapid urbanization, infrastructure development, and strategic investments. As stakeholders navigate this evolving landscape, understanding the key countries contributing significantly to construction sector activity becomes paramount. Let’s explore into the numbers and unveil the construction powerhouses shaping Africa’s development trajectory.

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Press release: africon and ABiQ forge strategic partnership to revolutionize data-driven consulting in Africa

Press release: africon and ABiQ forge strategic partnership to revolutionize data-driven consulting in Africa

africon (the top management consultancy with an exclusive focus on Africa) proudly announces a strategic partnership with ABiQ (the leading business intelligence platform that tracks projects worth over $7 Trillion in Africa & Middle East). The liaison marks a significant collaboration to enhance data-driven decision-making and consulting services for companies operating or seeking to expand their footprint in Africa.

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Driving the Kingdom’s construction industry forward

Driving the Kingdom’s construction industry forward

The 11th edition of The Big 5 Saudi will take place at the Riyadh Front Exhibition and Conference Center from 18-21 February 2023. This largest construction event in Saudi Arabia will bring together 28,000+ attendees and over 750 local and international exhibitors from 40 countries.

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New Mining and Industrial growth in Sub-Saharan Africa

New Mining and Industrial growth in Sub-Saharan Africa

Sub-Saharan Africa has more than $108 billion in active mining and industrial projects. Most are new mining developments worth more than $42 billion. South Africa has the largest pipeline, with 16.95% or $18.3 billion of active mining and industrial projects.

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New Mines In North Africa

New Mines In North Africa

New mines in North Africa account for 62% of Industrial activity, which totals $14 billion in active projects. Algeria is North Africa’s busiest market for new mining and industrial projects. The North African country has almost 50% or $7 billion of new industrial and mining projects. Egypt is in second place, with 44% of the active mining and industrial projects. 

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Sub-Sahara Africa investing $11 billion in new hospitals

Sub-Sahara Africa investing $11 billion in new hospitals

New hospitals with a value of $11 billion are active. $6.4 billion is currently under construction, and $4.8 billion is in design.

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Growth in the Middle East Healthcare Construction Sector

Growth in the Middle East Healthcare Construction Sector

The Middle East has more than $18 billion of active hospital projects. More than 70% of these new projects are in Saudi Arabia. The UAE is second with 14% of active hospital projects. Of the $18 billion, more than $12 billion is under construction, with the balance, or $6 billion, in the pre-execution phase.

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Top 10 Real Estate Developments in the Middle East

Top 10 Real Estate Developments in the Middle East

Saudi Arabia leads the Middle East when it comes to real estate developments slated to break ground in 2023. Six of the top 10 real estate developments are in Saudi Arabia, and four of the top 5 developers. The Middle East has more than 100 developments with a combined value of over $100 billion that will break ground in 2023.

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