The influx of capital and burst of growth that followed Ghana’s discovery of oil in 2007 led to a construction boom in 2011-12. Sourcing materials, however, has been problematic and in 2012 the World Bank reported that Ghana needs to spend $26bn on infrastructure, including basic road, housing and utilities upgrades, to support economic growth. As Ghana continues to channel new-found oil revenues...
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Chapter | Construction & Real Estate from The Report: Ghana 2013
The Republic of Ghana has experienced two peaceful handovers of power in the two decades since it has returned to civilian, multiparty democracy and has gained a deserved reputation as a bastion of stability. However, in recent years, it has been the country’s economic performance in the headlines.
Articles & Analysis | Paying up: Islamic lenders are developing more extensive home financing packages from The Report: Kuwait 2013
As only Islamic lenders are permitted to offer home financing packages, Kuwait’s mortgage market differs significantly from others in the region. Unsurprisingly, this is a state of affairs that conventional banks would like to see changed. “Mortgage loans are a big problem here in Kuwait,” Aly Mahmoud Shalaby, the head of consumer banking at Gulf...
Articles & Analysis | Coastal treasures: Two island developments should help to attract tourists and investors from The Report: Kuwait 2013
Two of Kuwait’s largest developments are being built on islands – one with a history of habitation that stretched back to 2000 BC and the other on a challenging landscape that has long been viewed as unsuitable for settlement. While both are significant in scale, the approach of the government to the development of each is quite distinct.
Articles & Analysis | Bouncing back: A young, growing population and better oversight support the sector from The Report: Kuwait 2013
While Kuwait’s economy showed a high degree of resilience in the face of the global economic crisis, its real estate sector – particularly the more vulnerable commercial segment – did not escape unscathed. However, the market by 2012 proved itself to be in the early stages of a sustained recovery, while legislation has helped the sector regain much...
Articles & Analysis | A long-term view: Major projects are set to transform infrastructure in the coming decades from The Report: Kuwait 2013
Like many around the world, Kuwait’s construction sector endured a challenging period as a result of the global economic recession. However, thanks to the implementation of a national development strategy that aims to overhaul Kuwait’s infrastructure and diversify its hydrocarbons-focused economy, a raft of new developments are taking shape across a...