In the last few years Nigeria’s real estate market has expanded rapidly, continuing a decade-long upward trend fuelled by rising per capita incomes, steadily increasing foreign direct investment (FDI), fast urbanisation and strong corporate demand. According to a January 2015 report by CBO Capital, the sector was valued at N6.4trn ($39bn) and growing at 10% a year. Even...
In January 2014, the Nigerian government announced its establishment of the Nigeria Mortgage Refinance Company (NMRC), a state entity that will provide long-term, low-interest financing to local lenders, to encourage them to ramp up their mortgage offerings for end-users. The new firm is the latest in a long line of affordable housing initiatives the government has...
As already seen in Qatar’s real estate segment, inflation is becoming a challenge to future growth. Although it has yet to reach the same highs as in 2008, inflation has been rising in recent years, with contractors facing escalating labour, land and materials costs as the state rolls out wave after wave of infrastructure builds. Although the...
The construction industry is one of the largest employers in Qatar, with the Ministry of Development Planning and Statistics reporting that sector employment stood at 547,504 in 2013, spread across 2483 registered construction businesses. Of these, 93.6%, or 512,430, were employed at 928 companies with more than 50 employees, while 35,074 were...
The state’s fastest-growing sector, construction is booming in Qatar, with the government planning to spend over $200bn as part of a major infrastructure investment scheme. Big-ticket transport projects coupled with the rapid expansion of tourism, education and real estate builds will see the sector continue to dominate economic...
Working to transition to a post-hydrocarbons economy, Qatar has seen the launch of a number of renewable energy initiatives in recent years. In 2009 the state’s per capita carbon footprint was the world’s largest, and until recently Qatar had no mandatory standards regarding the energy performance of its buildings, despite being in the midst...
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