West Africa has more than $380 billion of active projects, of which $230 billion is under construction. Oil and gas projects still account for the bulk of the construction activity in the region by value.
Top 5 Projects in Mozambique
There are currently more than $60 billion of active projects in Mozambique under threat due to security concerns in the country’s northern parts. Population growth exceeds 30 per cent over the next decade, which requires investment in infrastructure and developing the economy.
Top 5 Projects in Algeria
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.
Top 5 Projects in Angola
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.
Top 5 Projects in Senegal
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.
The Role of Oil & Gas in Africa Energy Supply
Africa has 15 per cent of the world’s population but consumes only 3 per cent of its energy while it produces 12 per cent of the world’s energy. There are more than $340 billion of active oil and gas projects in Africa.
Top 5 Projects in Egypt
Significant population growth is driving the Egyptian government to promote investment in all sectors of the economy. Egypt is the largest construction market in Africa, with more than $350 billion of active projects.
Top 5 Projects in Nigeria
Nigeria has more than $160 billion of projects currently under construction. The top 5 projects consist of three refineries and two railway projects with a combined estimated cost of $54 billion.
ABiQ facilitated more than $280 million in project finance
ABiQ has managed to put forward projects seeking more than $280 million in funding. The projects selected are diverse and cover the agriculture, real estate, energy and renewable energy sectors.
More than $120 billion active Oil and Gas projects in Sub-Sahara Africa
Sub-Sahara Africa has more than $120 billion of oil and gas projects under construction. A further $150 billion is in the pre-execution phase.
Senegal will spend $1.6 billion on oil and gas projects during 2021
With almost $5 billion of active oil and gas projects in Senegal, the country will spend more than $1.6 billion during 2021. This capital expenditure is 265 per cent more than in 2020.
More than $80 billion of active oil & gas projects in Nigeria
Nigeria, the most populous country in Africa, has more than $80 billion of active oil and gas projects. The largest developer is NNPC and Saipem is the contractor with the largest market share.
More than $100 billion of active oil & gas projects in West Africa
West Africa has more than $100 billion of active oil and gas projects. More than 72 per cent of the projects are in the execution phase. Nigeria has the most active oil and gas projects, followed by Niger.
UAE will spend $1.6 billion on Oil and Gas projects in 2021
The United Arab Emirates have more than $50 billion of active Oil and Gas projects at the moment. Negative oil prices during the COVID-19 pandemic forced a strategic re-evaluation of national development priorities.
Saudi Arabia has $200 billion in active Oil and Gas projects
2020 was the first time in history the spot price of oil went into negative territory, sending shockwaves through global oil producers. That said, Saudi Arabia still has more than $200 billion in active oil and gas projects.
Saudi Arabia and UAE leads GCC with $400 billion active oil and gas projects
At the end of 2019, Saudi Arabia and the United Arab Emirates had close to 400 million barrels of proven oil reserves, or 23 per cent of the global total. There are more than $400 billion of active construction projects in Saudi Arabia and the United Arab Emirates.
$1 billion of active opportunities in Tunisia’s oil sector
Tunisia is heavily reliant on oil and gas imports. It has declining reserves and in recent years focussed on developing its upstream sector.
Algeria has more than $20 billion of active Oil & Gas projects
Algeria has proven reserves of more than 12.2 billion barrels of oil and 4.3 trillion cubic metres of gas. Currently there are more than $20 billion of active projects to develop the oil and gas industry in Algeria.
North Africa active oil and gas projects exceed $50 billion
Globally oil and gas projects has slowed down with rig activity down to record lows. North Africa still have over $50 billion worth of active oil and gas projects.
Close to $40 billion in oil and gas opportunities in Angola
Angola has one of the fastest-growing populations in Central African over the next 10 years. With close to $40 billion in new active oil, gas and chemical plants, these upcoming projects will create much-needed job opportunities.
SCHEDULE A DEMO
Still have questions?
Our team is ready to help.
Get access to trusted and valuable data to inform your business decisions and open opportunities for growth.