The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Namibia's construction industry will record positive growth throughout our forecast period as
the government directs significant expenditure towards the development of key infrastructure. The largest
expansion will come over the first half of our forecast period, after which real growth is expected to slow.
Weighing on the potential of the sector is the lack of substantial private investment into major infrastructure
Forecast & Industry Developments
? We continue to forecast 10.7% real growth in 2016 as the government directs substantial spending -
around 50% of total non-interest expenditure of the FY2016/17 budget - towards infrastructure
development, particularly in the transport and utilities sectors to improve the overall ease of doing
business in the country.
The Namibian government is eager to harness the public-private partnership (PPP) model to encourage
much-needed private investment into its construction industry. It has used the model to attract financing
into power and water projects, and is reportedly drafting a PPP Bill to be ready by the end of 2016, to
provide improved clarity around project financing options.