Algeria expects to meet domestic demand for cement from its own production by the end of 2016 with the completion of a number of new plants and the expansion of existing facilities. The country currently has a production capacity of 21m tonnes of cement per year, requiring the import of around 5m tonnes to meet local demand, which is estimated...
Despite some challenges for Jordan’s economy, 2014 saw trading in real estate continue to post healthy growth along with steady rises in property prices. This was especially true in the capital, Amman, where pressure on land and sought-after areas in the city centre has kept returns high for investors. Elsewhere, the need for lower-cost...
The year 2014 was marked by strong growth in the construction sector, which has become well established as one of Jordan’s key economic drivers. New companies are also entering the market, with an eye towards gaining a share of a major pipeline of projects now beginning to get under way – developments spanning the transport sector, residential...
Although far from the conditions of the early 2000s, South Africa’s property market has remained resilient, despite challenging macroeconomic conditions. Rising demand for affordable housing and a host of “new city” projects unveiled in the past year have kept the residential market steady, while A-grade commercial space – albeit on the verge...
While real estate investment trusts (REITs) are relative newcomers to the South African market, with the regime governing the investment vehicle codified for the first time in 2013, they have outperformed other classes of assets in the first three quarters of 2015. Looking ahead, the residential component of the property market, which has yet...
Although South Africa’s construction industry remains a major economic engine, the industry has struggled to maintain pre-2010 highs, when World Cup-related work kept annual growth in double digits. The years since have been marked by project delays, labour unrest and a subdued macroeconomic environment which saw figures for employment,...
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