Africa construction growth

A massive growth in construction is predicted for Sub-Saharan Africa. This comes from a report by the data and analytics company, GlobalData. Its report suggests that the region’s construction industry will grow at the fastest rate of any other world region over next five years. According to its report, the region’s construction sector will grow on average by a compound annual growth rate (CAGR) by 6.6% a year, from 2018 to 2022. The company’s latest report, ‘Global Construction Outlook to 2022: Q3 2018 Up
October 9, 2018 Read time: 2 mins
A massive growth in construction is predicted for Sub-Saharan Africa. This comes from a report by the data and analytics company, GlobalData. Its report suggests that the region’s construction industry will grow at the fastest rate of any other world region over next five years. According to its report, the region’s construction sector will grow on average by a compound annual growth rate (CAGR) by 6.6% a year, from 2018 to 2022.


The company’s latest report, ‘Global Construction Outlook to 2022: Q3 2018 Update’ also reveals that in real value terms*, total global construction output is forecast to rise to US$12.9 trillion by 2022, up from US$10.8 trillion in 2017.

Regionally, Africa will become a major player in global construction over the next five years. There will be a steady acceleration in construction activity in Nigeria over the forecast period to 2022, supported by government efforts to revitalize the economy, by focusing on developing the country’s infrastructure. However, Ethiopia will be Africa’s star performer, where its construction industry will continue to grow in line with the country’s economic expansion.

Finance & Funding

Related Content

  • Preserving transport Infrastructure, while adapting to climate change
    June 14, 2019
    Hundreds of lives lost. More than 8,000 people stuck overnight in a flooded airport in Japan in the wake of a typhoon in 2018. Nearly 800% of the gross domestic product (GDP) of the Dutch island of St. Maarten (and 600% of the GDP of the French half, St. Martin) wiped out during the 2017 hurricane season, which devastated many Caribbean island economies, with over $5.4 billion in losses reported in Anguilla, Bahamas, British Virgin Islands, St. Maarten, and Turks and Caicos Islands alone. Transportation in
    Read More
  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
    Read More
  • French earthmoving market remains strong in Q1 2019
    May 7, 2019
    The French market for earthmoving equipment remained very strong in the first quarter of this year, according to the latest data compiled by CISMA. Q1 sales rose 12% compared to the same quarter 2018 with that for compact equipment up by 14%. CISMA - the French trade association - noted that this performance is mostly due to the strength of sales to rental companies (+32%) and the good performance of non-rental sales. Sales of crawler excavators are up by 11%. Sales of wheeled loaders grew by 23% t
    Read More
  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More

Highlighted Content