The Moroccan construction industry is expected to be supported by government investments in infrastructure and housing projects over the forecast period (2015-2019). The government aims to improve its transport and tourism infrastructure, whil ..."
The construction market in Morocco is steadily growing. The country has become an attractive destination for investment in the construction market, especially in the real estate and infrastructure construction sectors. The growth of the manufacturing industry in Morocco has al ..."
BMI View: Lower oil prices have seen a significant downgrade in Angola's construction sector real growth
forecasts. Lower government revenues, macroeconomic headwinds and less capital expenditure in the oil
sector will see opportunities reduce significantly in scope. ..."
BMI View: With no plans to reduce expenditure despite lower revenues, we expect the short-term outlook
for Cameroon's infrastructure sector to remain good. However, this is unsustainable and we expect growth
in the construction sector to moderate over our 10-year fore ..."
BMI View: A growing and increasingly diversified construction project pipeline in Egypt will support solid
industry growth in Egypt between FY2016 to FY2020. This outlook is premised on Egypt continuing to
receive external funding and we highlight labour market risks ..."
BMI View: Despite lower oil prices the government announced its intention to continue to invest in
infrastructure development. While the issuance of a eurobond may help this goal, given the incompatibility
of these ambitious spending commitments with the new reality o ..."
BMI View: We have lowered our forecasts for Ghana's construction industry on the back of the
macroeconomic headwinds facing the country and electricity prices. These factors combined will limit the
government's ability to invest in projects as well as dampening privat ..."
Despite political uncertainty and an economic slowdown in the past four years, the Egyptian construction industry’s output value in real terms is expected to grow over the forecast period (2015–2019), due to continued investment in ..."
BMI View: The infrastructure and construction sector of Botswana is heading into a period of sustained
growth on the back of continued investment in the mining sector and the development of associated
transport and power infrastructure. For 2015, we expect the sector ..."
BMI View: In the face of the dual headwinds of lower coal prices and constrained government revenues,
we forecast growth in Mozambique's construction sector will slow in 2015 compared to the previous year,
with 6.3% forecast in real terms. Despite lower coal prices, w ..."