Following the construction surge leading up to the 2012 Africa Cup of Nations, the sector’s focus shifted towards improving infrastructure, roads and housing. However, the economic malaise facing Gabon in light of the domestic debt crisis, coupled with the subsequent reduction in oil prices, has translated into a serious slowdown in the construction sector, which shrunk by 3% in 2015. While...
Construction
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Chapter | Construction & Real Estate from The Report: Gabon 2016
An oil-rich equatorial country in West Africa, Gabon’s abundant natural resources have given it one of the highest per capita incomes on the continent, though lower oil revenues has seen growth contract in recent years.
Economic update | Les fondations de la croissance gabonaise : des matériaux de construction
18 Nov 2016
Dans le cadre des efforts continus déployés par le gouvernement afin d'accroître le nombre de logements disponibles et de développer les réseaux routiers, le Gabon construit plusieurs cimenteries et aciéries pour ainsi donner un coup de fouet à la fabrication locale de matériaux de construction et réduire le déficit commercial.
Articles & Analysis | Construction firms in Saudi Arabia have seen costs rise with new labour laws from The Report: Saudi Arabia 2016
Although they benefitted from more than SR220bn ($58.7bn) per year in new contracts between 2011 and 2014, according to National Commercial Bank, many Saudi construction firms have seen their margins squeezed by escalating costs in recent years. One of the greatest challenges in balancing their books has been the impact of new labour...
Articles & Analysis | Efforts ongoing to boost home ownership rates in Saudi Arabia from The Report: Saudi Arabia 2016
With population growth of 2.4% in 2015, there is a rising need for housing in Saudi Arabia, and the government has introduced measures to create half a million affordable units for its citizens, only 30% of whom currently own their own homes. The latest initiative is a 2.5% tax on undeveloped land, which was introduced on June 15, 2016.
Articles & Analysis | Public spending cuts contribute to a slowing of growth in Saudi Arabia's construction sector from The Report: Saudi Arabia 2016
From 2003 to 2013 Saudi Arabia’s second oil boom brought a decade of prosperity for its construction and engineering sectors, but with the brakes applied to public spending, many businesses face a more challenging landscape in 2016. Work is continuing apace on some of the most prestigious projects, such as the Riyadh Metro and King Abdullah...