The construction sector has experienced significant growth since 2011 as a result of heavy public and private investment. Foreign investors have helped usher in new infrastructure projects, which contributed to the rise of local cement production. The govern¬ment is focusing on projects to restore the road network and provide affordable housing. The construction industry may witness some slowdown...
Construction
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Chapter | Construction & Real Estate from The Report: Cote d’Ivoire 2019
Côte d’Ivoire has returned to economic growth after stabilising its political situation in 2011. The economy has grown at a rate of 9% per year since 2011, in part due to the emergence of its burgeoning industrial sector. As one of the fastest-growing African economies, with an annual GDP growth rate forecast at 7-7.5% in 2019, Côte d’Ivoire is now promoting sustainable and inclusive growth.
Chapter | Construction & Real Estate from The Report: Myanmar 2019
Since the beginning of Myanmar’s economic and political reform in 2011, the construction industry has experienced mixed fortunes. Although the government has recognised the economic multiplier effects of infrastructure development, some large-scale projects have been held up by bureaucracy and investor scepticism.
However, recent efforts suggest cause for optimism, including the large-scale...
Although Myanmar has been faced with internal conflict, a new long-term economic agenda, alongside rising oil and gas prices and considerable growth in some manufacturing segments, are set to encourage increased foreign direct investment inflows into the country.
Chapter | Construction from The Report: Oman 2019
As the second-largest driver of non-hydrocarbons growth and the sector that employs the greatest number of people, construction plays a key role in the development of Oman’s economy. While 2017 proved to be a difficult year for the industry, forecasts suggest a return to growth in 2018 and 2019 on the back of higher oil prices and a government-supported diversification plan. For domestic...
Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.