Construction Projects in Africa
To meet the requirements of a growing population, many governments in Africa are focusing on developing infrastructure. As a result, construction became the largest sector in Africa. As per ABiQ, there are active construction projects in Africa worth over $760 billion. Energy has projects worth over $370 billion, followed by Transport projects.
Economic activity in the entire world was constrained in 2020 by an unprecedented global pandemic, and Africa was no exception. However, projections indicate that Africa will recover in 2021. Real GDP will grow by 3.4% in 2021, after contracting by 2.1% in 2020. The project market in Africa is booming with opportunities but finding and accessing reliable and validated data has been a problem for a long time. As per ABiQ’s unique business intelligence platform, there are business opportunities and projects worth over $2 trillion in Africa.
With ongoing and upcoming projects worth over $2 trillion, Africa will recover in 2021. The focus will be on diversifying economies, PPP projects, and developing new infrastructure to meet the needs of a fast-growing population.
With Africa deeply embedded in our roots, ABiQ is committed to supporting the growth of the African economy. Africa is a land of opportunities and ABiQ can help you with your growth plans for the region.
With our unique networking tool, you can:
- Track projects in Africa, UAE, and Saudi Arabia worth over $4 Trillion
- Access over a million companies in Africa and the Middle East
- Access Company shareholders, subsidiaries, and detailed contact information
- Connect with decision-makers and grow your business in Africa and the Middle East
- Drive your growth strategy across all 54 African countries
ABiQ tracks projects worth over $4 Trillion in Africa, UAE, and Saudi Arabia. Book a free demo now or register here to get free access to a light version of our platform.
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Sectors we cover
Southern Africa has a total population of 68 million people, which will increase to 76 million over the next decade. Predominantly an arid region, two out of the five Southern African nations are classified as high water stress countries.
Labour and commodity costs in Africa are significantly lower than anywhere else. What is lacking is know-how and funding. Inflation at manufacturing hubs could present an opportunity for African leaders. Will they embrace it?
In 2020, construction work started on $17 billion of privately funded energy projects in Sub-Sahara Africa. Forty-four per cent of the projects were in Nigeria, followed by Angola with 14 per cent.
In 2020, Sub-Sahara Africa started construction work on projects with a combined value of $45 billion that received funding.