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The construction project sector leads the project market in South Africa as per project tracking platform ABiQ. There is over $175 billion worth of projects in South Africa, where construction accounts for over 50% or $90 billion.
The South African construction industry is expected to grow in 2021 after a decline in 2020. The country’s output was affected by the pandemic and the country had to impose a strict lockdown. To help the economy recover from the crisis, the government has announced a 10-year infrastructure investment plan with investments planned in the housing, energy, agriculture, transport, and water sectors.
Energy Projects in South Africa
Plagued by power shortages due to decades of neglect, South Africa has embarked on a massive investment drive to refurbish existing power plants and develop new sources of power through a substantial renewable energy drive. There is over $77 billion worth of energy projects in South Africa making energy the second largest project sector.
ABiQ hosted a webinar to discuss the current project market including top upcoming and ongoing projects in South Africa, top-performing sectors, challenges, and the future of the market.
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.
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- Track projects in Africa, UAE, and Saudi Arabia worth over $4 Trillion
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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.