A slower-than-expected rollout of major state-backed capital works look likely to weigh on the performance of South Africa’s construction sector up to end-June, with first-half-year results expected to be comparatively modest.
Construction
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Suite à des années d’importantes dépenses publiques consacrées aux infrastructures, la vague de nouveaux investissements dont bénéficie la production algérienne de ciment devrait aider le pays nord-africain à faire face à la demande croissante que connait ce matériau de construction.
A favourable macroeconomic outlook – aided by a growing population, infrastructure investments and rising consumption – is driving the expansion of Nigeria’s cement market, with a number of large investments in capacity in the offing.
A programme by the Omani government to pour billions into infrastructure to help support long-term economic diversification is benefiting the Sultanate’s construction sector, which will likely see its order books filled for years to come.
Long a key component of the Philippines’ economy, the construction industry is earmarked for strong growth next year, as the country moves to roll out new infrastructure, address its housing shortage, and to begin rebuilding the areas hit hardest by Typhoon Haiyan.
With the government planning a series of big-ticket infrastructure investments and demand for private sector real estate developments heating up, Kuwait’s construction sector could be a strong performer over the next few years. However, concerns regarding project delays may have a dampener effect on investor interest.