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

  • Liebherr is optimistic for its financial performance
    January 6, 2017
    At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.
    Read More
  • Intermat Middle East positions itself for growth
    October 17, 2012
    As the United Arab Emirates gears up to invest more than US $4.6 billion (UAE Dirham 17 billion) in its nationwide road network in the next few years, the second annual INTERMAT Middle East show has taken place in Abu Dhabi with suppliers like AAA Cranes, Miller UK, Kanoo, Liebherr, Sennebogen, WireCo World, Erkat, Terex Finlay, Atlas Copco, , ELSA SRL, Robit Rock Tools, Ramtec Robi, Scheuerle Fahrzeugfabrik, T.G.S – The Grab Specialist, BV Beco, Techking Tires, Blastrac, SK Solutions, Xcentric Internationa
    Read More
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More

Highlighted Content