In 2017 Dubai was on the cusp of what is widely expected to be a multi-year building boom. Driven most immediately by preparations for Expo 2020, the construction of new and improved infrastructure and major event spaces constitutes an important component of the construction pipeline for the foreseeable future. At the same time, Dubai’s steadily increasing population, the rising number of...
Real Estate
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Chapter | Construction & Real Estate from The Report: Dubai 2018
Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.
Articles & Analysis | Ghana's construction sector to rebound in 2018 as oil prices improve from The Report: Ghana 2018
Following a period of rapid economic growth, Ghana’s slowdown over the past couple of years has had a noticeable impact on the construction sector in particular. However, its prospects appear to be modestly brightening, with sizeable capital allocations in the government’s budget and growth of 3.7% targeted for the construction industry in...
Interviews & Viewpoints | Karim Ibrahim, Managing Director, Dream Realty: Interview from The Report: Ghana 2018
Articles & Analysis | Construction sector could create 1m new jobs in Ghana in 2015-20 from The Report: Ghana 2018
A 2014 World Bank report on Ghana’s demand and supply of labour estimated that over 1m jobs could become available in the country’s developing construction sector between 2015-20, particularly given the expected growth in the residential real estate market and the severe shortage in affordable housing. This employment is estimated to generate...
Articles & Analysis | Increased activity expected in Ghana's property market as oil prices rebound from The Report: Ghana 2018
Since 2007 Ghana’s real estate market has continued to follow a cyclical trajectory, booming when headline growth is strong, but slowing in recent years in line with the commodity price drop in 2014. The sector is also affected by other pro-cyclical factors: as reported in the Bank of Ghana’s March 2017 “Monetary Policy Report”, the Ghanaian...