In recent years the construction market in Nigeria has been among the world’s fastest growing, forecast to have expanded by 13% in 2014 on the back of a diverse array of demand drivers, including substantial state investment in infrastructure, rising levels of foreign direct investment and rapidly increasing urbanisation rates. The authorities have launched a host of initiatives that are aimed...
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Chapter | Construction & Real Estate from The Report: Nigeria 2015
Fresh from a rebasing exercise in April 2014 that boosted 2013 GDP by 89% to $509.97bn, Nigeria now ranks not only as Africa’s most populous country, but also as its largest economy. It has long played an outsized regional role, making up 76% of West Africa’s GDP and around 60% of its population.
Articles & Analysis | Qatar grapples with rising inflation in construction from The Report: Qatar 2015
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...
Articles & Analysis | Qatar implements new measures to improve working conditions from The Report: Qatar 2015
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...
Interviews & Viewpoints | Nasser bin Ali Al Mawlawi, President, Ashghal (the Public Works Authority): Interview from The Report: Qatar 2015
Articles & Analysis | Infrastructure building to help sustain Qatar's growth past 2022 from The Report: Qatar 2015
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...