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

  • Building Tomorrow’s Transport Infrastructure Today – IRF Global in Washington
    May 2, 2018
    Preparations are underway for the world’s leading road, tunnel and bridge exhibition Produced by the International Road Federation, the IRF Global Road2Tunnel Expo & Conference is the only international conference and tradeshow of its kind dedicated to road, tunnel and bridge construction. “Technology and innovations are evolving at a pace never seen before in the history of the road and transport sector” noted IRF president & CEO C Patrick Sankey. “From innovations in materials, such as self-healing con
    Read More
  • Roads to Recovery after the pandemic
    January 11, 2021
    IRF president Bill Halkias shares the Federation’s view on post-Covid
    Read More
  • Highway 407 Revisited – smart tollroad extension
    June 7, 2016
    In the late 1990s, World Highways published a supplement on construction of Canada’s Highway 407, the world’s first all-electronic toll road. But how successful has it been? David Arminas reports from Toronto The head office for 407 ETR Concession Company is a low-rise building next to exit 59, just north of Toronto, Canada’s economic powerhouse. The building may be non-descript but inside is the advanced technical heart of Highway 407 ETR – Express Toll Route. It houses the latest toll monitoring techno
    Read More
  • Managing resource to create more resilient roads
    June 22, 2018
    As pressure increases on the cost and availability of resources, investment in recycling technology continues to grow across the road building industry. To meet its full potential, a greater understanding is needed of material performance to allow the building of more resilient, sustainable and economic networks - *David Smith explains.
    Read More

Highlighted Content