Construction

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Saudi Arabia has undergone significant reforms to foster growth and diversification. While some initiatives were delayed during the Covid-19 pandemic, progress in areas such as the digital economy accelerated. Aided by elevated oil prices in 2022, strategies underlined in Vision 2030 continue moving forwards, and the Kingdom today presents ample opportunities for foreign investors, underpinned by efforts to boost private sector participation in the economy.

 

The government unveiled the National Development Plan (Plan National de Développement, PND) 2021-25 to improve infrastructure development and support the expansion of the construction sector. This agenda is also expected to attract more public and private investment, and boost exports.

 

Green bonds are becoming an increasingly popular form of financing worldwide as companies strive to improve their environmental, social and governance practices. Green bonds, or climate bonds, refer to a fixed-income instrument provided for climate-related or environmental projects. Institutions such as the World Bank and the European...

 

Following the outbreak of Covid-19 in 2020 and the subsequent economic impact of the pandemic, Côte d'Ivoire's construction sector helped the economy recover. There has been growing demand for residential properties to house the expanding middle class due to rapid urbanisation. Furthermore, industrialisation has increased the need for larger...

 

Côte d’Ivoire's real estate sector is growing rapidly as the demand for formal housing in urban areas increases. As the country undergoes industrialisation, developed areas like Abidjan are seeing greater influxes of middle-class populations, expatriates and diaspora communities seeking accommodation.

 

How would you assess the performance of the construction sector over the last two years?

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